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The cost of goods sold computations for Grouper Company and Monty Company are as follows. Grouper Monty Company Company Beginning inventory $50,000 $71,000 Cost
The cost of goods sold computations for Grouper Company and Monty Company are as follows. Grouper Monty Company Company Beginning inventory $50,000 $71,000 Cost of goods purchased 194,500 292,945 Cost of goods available for sale 244500 363,945 Ending inventory 55,655 73,500 Cost of goods sold $188,845 $290,445 Compute days in inventory for each company. (Round answers to O decimal places, e.g. 1,250. Use 365 days for calculation.) Grouper Company Monty Company Days in inventory days days
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