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.. 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
Step by Step Solution
3.41 Rating (160 Votes )
There are 3 Steps involved in it
1 2 3 Days in ra... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
75-B-M-A-I (522).docx
120 KBs Word File
