Question
Irawaddy Company, a retailer, had cost of goods sold of $463,500 last year. The beginning inventory balance was $51,000 and the ending inventory balance was
Irawaddy Company, a retailer, had cost of goods sold of $463,500 last year. The beginning inventory balance was $51,000 and the ending inventory balance was $52,000. The company's average sale period was closest to:
A) 0.02 days
B) 2.49 days
C) 40.56 days
D) 9.00 days
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
2nd Edition
0199674914, 978-0199674916
