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Average production cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts
Average production cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts payable 12/31/14 $38,000 $55,000 $27,000 12/31/13 $46,000 $59,000 $25,000 Change $8,000 $4,000 -$2,000 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales Total sales Cost of anods sold $570.00o If the target ending inventory for 2015 is $61,000, what cost of goods sold will the company need to reach its goal? $298,000 $672,000 $970,000 S (Round to the nearest dollar.) Enter your answer in the answer box
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