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(b2) Early in 2017, Chien Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2016 and
(b2) Early in 2017, Chien Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2016 and 2017 are shown below 2016 2017 Sales revenue Cost of goods sold Beginning inventory Ending inventory $3,113,000 $3,741,500 1,444,000 225,000 95,500 1,219,500 178,500 225,000 Determine days in inventory for 2016 and 2017. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) 2016 2017 Days n inventory days days By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor
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