Question

For the coming year, Rian Company wants to reduce its average production cycle to thirty days. If the target-ending inventory for 2009 is $61,000, what cost of goods sold will the company need to reach its goal?
Use the below information for solving the question
2008 Selected Income Statement Items for Rian Company
Cash Sales ..... $ 298,000
Credit Sales ...... $ 672,000
Total Sales ..... $ 970,000
Cost of goods sold .. $ 570,000

2007 & 2008 Selected Balance Sheet Accounts of RianCompany


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  • CreatedMay 08, 2014
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