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Carlos Company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods sold of $285,000, and sales revenue of $475,000. Carlos’s days in inventory is ________ days. A : 84.5 B : 102.5 C : 73 D : 121.7

Respuesta :

erum123

Answer:

122 days

Explanation:

Days In Inventory= COGS÷ Average Inventory ×365days

Average Inventory = Opening Inventory+Closing Inventory

                                                                      2

Average Inventory= 80,000+110,000

                                               2

Average Inventory = 95000

Inventory Turnover Ratio = 285000  

                                                 95000

Inventory turnover=3

Days in Inventory = 365÷3

122 days