Question
The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $82000; ending inventory $106000; cost of goods sold $696000; and sales
The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $82000; ending inventory $106000; cost of goods sold $696000; and sales $848000. Kingbird days in inventory (rounded) in 2017 was
55.3 days.
40.6 days.
42.9 days.
49.3 days.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
