Irrawaddy Company, a retailer, had a cost of goods sold of $310,000 last year. The beginning inventory

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Irrawaddy Company, a retailer, had a cost of goods sold of $310,000 last year. The beginning inventory balance was $30,000 and the ending inventory balance was $32,000. The company's average sale period was closest to:

Multiple Choice

2.83 days

10.00 days

0.03 days

36.50 days

Related Book For answer-question

Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: Dec 09, 2022 03:18 AM

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Irrawaddy Company, a retailer, had a cost of goods sold of $310,000 last year. The beginning inventory

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In the given case the Average inventory opening ending 2 Average Inventory 30000 32000 2 31000 C... View the full answer

Horngrens Financial and Managerial Accounting

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