A company has cost of goods sold of $85,000 and ending inventory of $18,000. Its days’ sales in inventory equals a. 49.32 days. c. 4.72 days. e. 1,723.61 days. b. 0.21 day. d. 77.29 days.

Q: SQC Inc. had sales of $3,000,000, cost of merchandise sold at $2,100,000, an average inventory of…

A: Days sales in inventory indicate the number of days, inventory turns into sales. This method is used…

Q: During September, Khan had sales of 148,000, which made a gross profit of 40,000. Purchases amounted…

A: Sales = 148000 Gross profit = 40000 Purchase = 100,000 Opening inventory = 34000

Q: ​Elephant, Inc.'s cost of goods sold for the year is $ 2 comma 400 comma 000$2,400,000​, and the…

A: The correct answer is Option (B).

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A: As requested to answer the third question so we are answering only that.

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A: Formula: Ending Inventory = Beginning Inventory + Net purchases - Cost of goods sold

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A: Inventory turnover ratio means the number of times a company turns its inventory into sales. The…

Q: inventory

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A:

Q: Carey's Department Store had net sales of $20 million and cost of goods sold of $17.00 million for…

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Q: A company has an average inventory on hand of P100,000 and the days in inventory are 73 days. What…

A: Days in inventory=Average inventoryCost of goods sold×365 days

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A: Formula: Inventory turnover = Cost of goods sold / Average inventory

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A: Purchases = Cost of goods sold + Ending inventory - Beginning inventory = 360,000 + 17,000 - 20,000…

Q: Compute the average days in inventory rounded to the nearest whole day based on the following data:

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Q: The 200X records of Thompson Company showed a beginning inventory of $6,000, cost of goods sold of…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Rizza Co. has an average age of inventory equal to 25 days. If its end of year inventory level is…

A: Inventory days is a concept in costing that shows how much time it takes the firm to sale its…

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A: The inventory turnover ratio means how many times a company needs to replenish the average inventory…

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A: Inventory turnover ratio: This is a financial measure that is used to evaluate as to how many times…

Q: Suppose Maestro’s had cost of goods sold during the year of $230,000. Beginning merchandise…

A: Answer:

Q: The following information relates to Musk Corporation: Inventory conversion period 15 days Average…

A: The inventory turnover ratio is used to compare the efficiency of inventories which are used for the…

Q: CG Films generates cost of goods sold of $135,000 for the year. Inventory at the beginning and end…

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS  correct answer is = (a). 3.1 working note: inventory…

Q: A company reports the following:Cost of goods sold                           $660,000Average…

A: (a)

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A:

Q: ng: Cost of goods sold $442,380 Average inventory 73,730 Determine (a) the inventory turnover

A: Given  A company reports the following: Cost of goods sold $442,380 Average inventory 73,730…

Q: Roundtree Company reported the following information with respect to cost of goods sold for the…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Roundtree Company reported the following information with respect to cost of goods sold for the…

A: Dear student, Since you have asked multiple subparts we will answer only first 3 subparts as per…

Q: Compute the average days in inventory rounded to the nearest whole day based on the following data:…

A: Meaning : Average days in inventory means the number of days a company keeps its inventory before it…

Q: A company uses a periodic inventory system.  The beginning inventory was $20,000, purchases amounted…

A: The cost of goods sold is the total amount your company paid as a cost directly related to the sale…

Q: A company reports the following: Cost of goods sold $478,150 Average inventory 95,630 Determine (a)…

A: Inventory Turnover ratio indicates how quickly Inventory convert into the sales.

Q: The following data are fo essee s Te lor January. $235,000 $615,000 Net sales revenue $410,000…

A: The answer is Option (B.) [i.e, $287,000] Refer step 2 for explanation

Q: A Co had sales of $220,000 and purchases of$160,000, together with opening inventory and closing…

A: We have the following information: Sales: $220,000 Purchases: $160,000 Opening Inventory: $24,000…

Q: A company reports the following: Cost of goods sold $610,000 Average inventory 80,000 Determine…

A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory  = (Beginning…

Q: Roundtree Company reported the following information with respect to cost of goods sold for the…

A: Cost of goods sold (COGS) is the cost of acquiring or manufacturing the products that a company…

Q: On January 1, Pope Enterprises’ inventory was $625,000. Pope made $950,000 of net purchases during…

A: Cost of goods sold = Beginning Inventory + Purchases - Ending Inventory Ending Inventory = Beginning…

Q: A company began its fiscal year with inventory of $189,000. Purchases and cost of goods sold for the…

A: Given that: Beginning Inventory = $189000 Purchases = $949000 Cost of goods sold = $983200

Q: On December 31st, Datton, Inc. has cost of goods sold of $540,000. ending inventory is $100,000,…

A: Accounts payable turnover is the ratio which is used to measure the rate at which the entity is…

Q: A company began its fiscal year with inventory of $186,000. Purchases and cost of goods sold for the…

A: Periodic Inventory System: Under this system, the balance of the merchandise inventory is not…

Q: On December 31st Baxter inc has costs of goods sold of 360,000 ending inventory is 17,000. Beginning…

A: Accounts payable days = it is nothing but the average time period taken to repay the suppliers.…

Q: The company has beginning inventory for the year of $24,000, during the year cost of goods sold was…

A: The cost of goods sold refers to costs that are specifically allocated to the goods sold. Cost of…

Q: A company reports the following:   Cost of goods sold $2,263,000   Average inventory 182,500…

A: Introduction: Inventory turnover is a financial ratio that shows how frequently a company's…

Q: The company has beginning inventory for the year of $50,000, during the year cost of goods sold was…

A: Solution..     Cost of goods sold = $725,000  Beginning inventory = $50,000  Ending inventory =…

Q: Belt Company had net sales of $2,225,500,000 and cost of goods sold of $1,479,957,500. Belt had the…

A: We have the following information: Net sales: $$2,225,500,000 Cost of goods sold: $1,479,957,500…

Q: A company has cost of goods sold of $85,000 and ending inventory of $18,000. Its days’ sales in…

A: Days’ sales in inventory: It can be defined as the average number of days usually taken by a firm to…

Q: At the beginning of the year, Paradise Co. had an inventory of $200,000. During the year, the…

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Q: find the inventory turnover at cost.

A: Inventory turnover calculates the number of times inventory can be converted into sales by company.…

Q: A company reports the following:Cost of goods sold                                $435,000Average…

A: a. Compute inventory turnover ratio.

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A: Costs incurred directly by a corporation for producing goods and services are known as cost of goods…

Q: The company has beginning inventory for the year of $50,000, during the year cost of goods sold was…

A: Cost of goods sold = Beginning inventory + Purchases - Ending inventory Purchases = Cost of goods…