xyz-company-has-a-beginning-inventory-of-80000-ending-inventory-of-120000-and-co

Question

XYZ company has a beginning inventory of $$80,000, ending inventory of 120$$,000, and cost of goods sold of $400,000. Calculate the average days in inventory.

Accepted Answer

91.25 days

Answer

80 days

Answer

109.50 days

Answer

73 days

XYZ company has a beginning inventory of \$80,000, ending inventory of \$120,000, and cost of goods sold of \$400,000. Calculate the average days in inventory.