Question
Irawaddy Company, a retailer, had cost of goods sold of $220,000 last year. The beginning inventory balance was $27,000 and the ending inventory balance was
Irawaddy Company, a retailer, had cost of goods sold of $220,000 last year. The beginning inventory balance was $27,000 and the ending inventory balance was $28,000. The company's average sale period was closest to:(Assume 365 days a year.)
45.60 days
0.02 days
8.00 days
2.23 days
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Using Microsoft Excel and Access 2016 for Accounting
Authors: Glenn Owen
5th edition
1337109048, 1337109045, 1337342149, 9781337342148 , 978-1337109048
