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Consider the following inventory data: Beginning inventory $150,000 Ending inventory 100,000 Purchases 310,000 What is the average days in inventory for the year? 111.7 days.
Consider the following inventory data:
| Beginning inventory | $150,000 |
| Ending inventory | 100,000 |
| Purchases | 310,000 |
What is the average days in inventory for the year?
111.7 days.
101.4 days.
152.0 days.
126.7 days.
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Financial Accounting A Decision Making Approach
Authors: Thomas E. King, Valdean C. Lembke, John H. Smith
2nd Edition
0471328235, 978-0471328230
