Refer to the data in PE 20-1. Compute the number of days in inventory for (1) Raw
Question:
Refer to the data in PE 20-1. Compute the number of days in inventory for
(1) Raw materials inventory,
(2) Work-in-process inventory, and
(3) Finished goods inventory. (Assume 365 days in the year.)
Data from PE 20-1
Transcribed Image Text:
Ending finished goods inventory.... Cost of raw materials used.. Cost of goods manufactured. . Cost of goods sold.. Beginning raw materials inventory . Ending raw materials inventory Beginning work-in-process inventory. . . Ending work-in-process inventory. Beginning finished goods inventory . $ 15,000 $ 70,000 40,000 100,000 200,000 250,000 50,000
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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