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Sims company reports beginning raw materials inventory of $1,800 and ending raw materials inventory of $2,600. Assume the company purchased $22,800 of raw materials
Sims company reports beginning raw materials inventory of $1,800 and ending raw materials inventory of $2,600. Assume the company purchased $22,800 of raw materials and used $22,000 of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales In Inventory Raw Materials turnover Inventory Compute the number of days' sales in raw materials Inventory. Days' Sales In Raw Materials Inventory Numerator: Average raw materials inventory 4,400 $ Denominator: Raw materials used Days 365- 22,000 C 3650- Days' Sales In Raw Materials Inventory Days' sales in raw materials inventory 73
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