Question
Stoney Brooke, Inc., has sales of $1,120,000 and cost of goods sold of $1,017,900. The firm had a beginning inventory of $51,000 and an ending
Stoney Brooke, Inc., has sales of $1,120,000 and cost of goods sold of $1,017,900. The firm had a beginning inventory of $51,000 and an ending inventory of $66,000. What is the length of the inventory period? Assume 365 days per year.
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
