B920212escFinancial statement data at December 31 for Alpine Company are as follows:Cost of goods sold$1,058,500Inventories:Beginning of year390,000End of year330,000Determine the days' sales in inventory for the year.O a. 134.5 daysO b. 113.8 daysO c. 121.1 daysO d. 124.1 daysF118F220F3DODDOD F4Cengage Learning Cengage TechF5MacBook Air

Cost of goods sold = $1,058,500 Beginning inventory = $390,000 End inventory = $330,000 Average…

Answered: Financial statement data at December 31…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $121,000. Cost of goods sold for the year is $1,500,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Inventory Turnover Choose Numerator: 1 Choose Denominator: 1 1 Choose Numerator: Days' Sales in Inventory 1 Choose Denominator: X 1 X 1 X Days 365 365 Inventory Turnover Inventory Turnover times = = = Days' Sales in Inventory Days' sales in inventory days
FInd the Weighted average cost per unit
pvn.1
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Financial statement data at December 31 for Alpine Company are as follows: Cost of goods sold $1,058,500 Inventories: Beginning of year 390,000 End of year 330,000 Determine the days' sales in inventory for the year. O a. 134.5 days O b. 113.8 days O c. 121.1 days O d. 124.1 days