What is Lakeside's days in inventory on this general accounting question? Lakeside Manufacturing had a beginning inventory of$60,000, an ending inventory of $90,000, a cost of goods sold(COGS) of $250,000, and a sales revenue of $400,000. What isLakeside's days in inventory?A) 102.5 daysB) 121.7 daysC) 84.5 daysD) 109.5 days

Step 1: Define Days in InventoryDays in Inventory measures the average number of days a company…

Answered: Lakeside Manufacturing had a beginning…

Principles of Accounting Volume 2

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ISBN:9781947172609

Author:OpenStax

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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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Lakeside Manufacturing had a beginning inventory of $60,000, an ending inventory of $90,000, a cost of goods sold (COGS) of $250,000, and a sales revenue of $400,000. What is Lakeside's days in inventory? A) 102.5 days B) 121.7 days C) 84.5 days D) 109.5 days