2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 $29,345 $35,691 $43,179 $21,945...

 

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2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 $29,345 $35,691 $43,179 $21,945 Accounts receivable Inventory Accounts payable $46,439 $20,558 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $356,000 Credit sales $413,000 $769,000 $458,461 Total sales Cost of goods sold Change $6,346 $3,260 $1,387 For the coming year, Rian Company wants to reduce its average production cycle to 33.4 days. If the target-ending inventory for 2015 is $47,753, what cost of goods sold will the company need to reach its goal? If the target ending inventory for 2015 is $47,753, what cost of goods sold will the company need to reach its goal? 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 $29,345 $35,691 $43,179 $21,945 Accounts receivable Inventory Accounts payable $46,439 $20,558 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $356,000 Credit sales $413,000 $769,000 $458,461 Total sales Cost of goods sold Change $6,346 $3,260 $1,387 For the coming year, Rian Company wants to reduce its average production cycle to 33.4 days. If the target-ending inventory for 2015 is $47,753, what cost of goods sold will the company need to reach its goal? If the target ending inventory for 2015 is $47,753, what cost of goods sold will the company need to reach its goal?

Answer rating: 100% (QA)

To determine the cost of goods sold COGS that Rian Company will need to reach its goal of reducing t... View the full answer