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

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

Ending finished goods inventory.... Cost of raw materials used.. Cost of goods manufactured. . Cost of goods sold.. Begi

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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