Cloche's Hats had sales for the year of $684,700 and cost of goods sold equal to...

Question

Question

Cloches Hats had sales for the year of $684,700 and cost of goods sold equal to 62 percent of sales. The inventory at the be

business finance

Answer 1

Answer #1

Inventory period=Average inventory/Cost of Goods sold*365
=(123100+139200)/2*1/(684700*62%)*365
=112.76365 days

Answer 2

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