Hi expert please answer accounting Apex Manufacturing had a beginning inventory of $120,000, anending inventory of $160,000, a cost of goods sold of $560,000, and asales revenue of $825,000. What is Apex's days in inventory?A) 92.3 daysB) 78.6 daysC) 110.5 daysD) 85.2 days

Step 1: Definition of Days in InventoryThe days in inventory ratio measures how long it takes for a…

Answered: Apex Manufacturing had a beginning…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

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Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...

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Apex Manufacturing had a beginning inventory of $120,000, an ending inventory of $160,000, a cost of goods sold of $560,000, and a sales revenue of $825,000. What is Apex's days in inventory? A) 92.3 days B) 78.6 days C) 110.5 days D) 85.2 days