Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information was available for Blossom Company at December 31, 2017: beginning inventory $86000; ending inventory $142000; cost of goods sold $676000; and sales
The following information was available for Blossom Company at December 31, 2017: beginning inventory $86000; ending inventory $142000; cost of goods sold $676000; and sales $888000. Blossom days in inventory (rounded) in 2017 was(Round intermediate calculation to 1 decimal place, e.g. 1.2.)
a.
46.2 days.
b.
76.0 days.
c.
61.9 days.
d.
46.8 days.
Answer:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started