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Stoney Brooke, Inc., has sales of $1,110,000 and cost of goods sold of $989,000. The firm had a beginning inventory of $50,000 and an ending
Stoney Brooke, Inc., has sales of $1,110,000 and cost of goods sold of $989,000. The firm had a beginning inventory of $50,000 and an ending inventory of $65,000. What is the length of the inventory period? Assume 365 days per year.
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