lmn-company-has-a-beginning-inventory-of-90000-ending-inventory-of-110000-and-co

Question

LMN company has a beginning inventory of $$90,000, ending inventory of 110$$,000, and cost of goods sold of $500,000. Calculate the average days in inventory.

Accepted Answer

73 days

Answer

50 days

Answer

365 days

Answer

100 days

LMN company has a beginning inventory of \$90,000, ending inventory of \$110,000, and cost of goods sold of \$500,000. Calculate the average days in inventory.