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Question 5 PLEASE SAVE YOUR PROGRESS REGULARLY PLEASE DO NOT INCLUDE $ SIGNS (OR OTHER CHARACTERS) IN YOUR NUMERIC RESPONSES Not yet answered Marked out
Question 5 PLEASE SAVE YOUR PROGRESS REGULARLY PLEASE DO NOT INCLUDE $ SIGNS (OR OTHER CHARACTERS) IN YOUR NUMERIC RESPONSES Not yet answered Marked out of 10.00 Flag question Tenacity Ltd. has prepared the following (incomplete) inventory schedule. Tenacity uses the average costing method under a perpetual inventory system. Tenacity had no opening inventory. Cost of Goods Sold Purchases Balance Total June Sales Units Purchase Total Cost Inventory Total Cost COGS ($) Units ($) Units ($) 1 150.00 480.00 150.00 480.00 10 200.00 660.00 350.00 1,140.00 15 200.00 A 550.00 1,820.00 25 442.00 B D 28 150.00 525.00 258.00 E 30 100.00 525.00 358.00 1,406.98 B Required 3: Calculate the days in inventory for the month of June. Please show your work. Please round your answer to two decimal places. Days Supporting Work
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