The following information is the end-of-year data for Pecos Yo Company: Compute the following: 1. Inventory turnover

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The following information is the end-of-year data for Pecos Yo Company:

Raw materials purchased during the year. Beginning raw materials Beginning work in-process inventory Ending workin-proce

Compute the following:
1. Inventory turnover for raw materials inventory
2. Days in raw materials inventory (Assume 360 days in a year.)
3. Inventory turnover for work-in-process inventory
4. Days in work-in-process inventory (Assume 360 days in a year.)
5. Inventory turnover for finished goods inventory
6. Days in finished goods inventory (Assume 360 days in ayear.)

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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