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The year-end financial statements of Collette Inc. reported the following information (in thousands): Year 2 Year 1 Cost of sales $1,669,137 $1,682,480 Inventories, net 585,764
The year-end financial statements of Collette Inc. reported the following information (in thousands): Year 2 Year 1 Cost of sales $1,669,137 $1,682,480 Inventories, net 585,764 546,745 LIFO reserve 4,345 4,094 The year 2 average days inventory outstanding is: Select one: O O O a. 128.1 days b. None of these are correct. c. 124.7 days d. 123.8 days e. 123.4 days 4
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