Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 6-15 The cost of goods sold computations for Pina Colada Company and Flint Company are shown below. Pina Colada Company Flint Company Beginning inventory

Exercise 6-15 The cost of goods sold computations for Pina Colada Company and Flint Company are shown below.

Pina Colada Company Flint Company Beginning inventory $ 46,500 $ 73,500 Cost of goods purchased 194,500 295,000 Cost of goods available for sale 241,000 368,500 Ending inventory 59,500 75,000 Cost of goods sold $181,500 $293,500

Compute days in inventory for each company. (Round answers to 0 decimal places, e.g. 1,250. Use 365 days for calculation.)

Pina Colada Company Flint Company What are the Days in inventory for both ??

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

I am paid fairly for the work I do.

Answered: 1 week ago

Question

I receive the training I need to do my job well.

Answered: 1 week ago