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Use the following information regarding Red Company to answer the questions: Year Inventory Turnover Ending Inventory 2020 $26,340 2021 8.7 $29,890 2022 8.4 $30,100 a.
Use the following information regarding Red Company to answer the questions: Year Inventory Turnover Ending Inventory 2020 $26,340 2021 8.7 $29,890 2022 8.4 $30,100 a. What is the amount of Red Company's "days in inventory" for 2022 (to the closest decimal place)? b. What is the amount of Red Company's "cost of goods sold" for 2021 (to the closest dollar)
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