Score: 0 of 10 pts 2 of 6 (5 complete) P13-4 (similar to) Accounts receivable Inventory Accounts payable 12/31/14 $40,843 $59,116 $28,429 12/31/13 $49,540 $63,813 $26,633 Change $8,697 $4,697 $1,796 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $401,000 Credit sales $645,000 Total sales $1,046,000 Cost of goods sold $593,058 For the coming year, Rian Company wants to reduce its average production cycle to 35.8 days. If the target-ending inventory for 2015 is $64,632, what cost of goods sold will the company need to If the target ending inventory for 2015 is $64,632, what cost of goods sold will the company need to reach its goal? (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Score: 0 of 10 pts 2 of 6 (1 complete) P13-4 (similar to) Average production cycle. Use the following account information for Rian Company Click on the icon in order to copy its content into a spreadsheet 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 Accounts receivable $40,843 $49,540 Inventory $59,116 $63,813 Accounts payable $28,429 $26,633 Change $8,697 $4,697 $1,796 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $401,000 Credit sales $645,000 If the target ending inventory for 2015 is $64,632, what cost of goods sold will the company need to reach its goal? (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All