Question
Cheyenne Corp. had the following records: 2022 2021 Ending inventory $48650 $31490 Cost of goods sold 219100 225290 What is Cheyenne's average days in inventory
Cheyenne Corp. had the following records:
| 2022 | 2021 | |||
|---|---|---|---|---|
| Ending inventory | $48650 | $31490 | ||
| Cost of goods sold | 219100 | 225290 |
What is Cheyenne's average days in inventory for 2022? (rounded) (Use 365 days for calculation. Round intermediate calculations to 1 decimal place, e.g. 12.1.)
52.1 days
81.1 days
65.2 days
66.4 days
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Using QuickBooks Accountant 2018 For Accounting
Authors: Glenn Owen
16th Edition
0357042085, 9780357042083
