Account Company

x

Company

Y

Company Z\ Cost of goods sold

$1,980,000$4,338,000$3,234,000

\ Inventory

$175,000$295,000$250,500

\ Assuming that longer inventory holding periods act to increase expenses, which of the three companies would be expected to have the lowest inventory holding costs?\ Note: Use 365 days in a year.\ All three companies have equal holding costs\ Company X\ Company Y\ Company Z

Assuming that longer inventory holding periods act to increase expenses, which of the three companies would be expected to have the lowest inventory holding costs? Note: Use 365 days in a year. All three companies have equal holding costs Company X Company Y Company Z