Question
Ending inventory is $120,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate days in inventory. Ending accounts payable are
Ending inventory is $120,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate days in inventory.
Ending accounts payable are $30,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate the payment period.
Ending accounts receivable are $90,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate the collection period.
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
