Problemscribble inc has sales of 87000 and cost of goods, Ask an Expert

Accounting

Problem:

Scribble, Inc. has sales of $87,000 and cost of goods sold of $71,000. The firm had a beginning inventory of $17,000 and an ending inventory of $19,000.

Required:

Question: What is the length of the days' sales in inventory?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169910

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