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Sims company reports beginning raw materials inventory of $2,100 and ending raw materials inventory of $3,100. Assume the company purchased $21,800 of raw materials
Sims company reports beginning raw materials inventory of $2,100 and ending raw materials inventory of $3,100. Assume the company purchased $21,800 of raw materials and used $20,800 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 Ray Materials turnover ventory Compute raw materials inventory turnover. Numerator: Raw Materials Inventory turnover Denominator: Raw Materials Inventory turnover Raw materials used 1 Average raw materials inventory Raw materials inventory turnover 20,800 $ 2,600 8
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