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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
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 $3,121,000 $3,723,000 2017 Sales revenue Cost of goods sold1,244,000 1,435,000 Beginning inventory 175,000222,000 Ending inventory 222,000 93,500 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 in inventory days days
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