None Carlos Company had a beginning inventory of$80,000, an ending inventory of $110,000, a costof goods sold of $285,000, and a sales revenue of$475,000. What is Carlos' days in inventory?A) 102.5 daysB) 121.7 daysC) 84.5 daysD) 73 days

Step 1: Introduction to the Days Sales in InventoryThe days sales in inventory shows the number of…

Answered: Carlos Company had a beginning…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

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

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Reid Company uses the periodic inventory system. On January 1, it had an inventory balance of 250,000. During the year, it made 613,000 of net purchases. At the end of the year, a physical inventory showed it had ending inventory of 140,000. Calculate Reid Companys cost of goods sold for the year.
On January 1, Pope Enterprises inventory was 625,000. Pope made 950,000 of net purchases during the year. On its year-end income statement, Pope reported cost of goods sold of 1,025,000. Calculate Popes December 31 ending inventory.
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Carlos Company had a beginning inventory of $80,000, an ending inventory of $110,000, a cost of goods sold of $285,000, and a sales revenue of $475,000. What is Carlos' days in inventory? A) 102.5 days B) 121.7 days C) 84.5 days D) 73 days