Show the solution in good accounting form Selected information from the accounting records ofDalton manufacturing company is as follows: Netsales for 2021 = 1,800,000; cost of goods sold for%3D2021 = 1,200,000 ;inventories at December 31,2020= 336,000; inventories at December 31,2021=288,000. Assuming there are 300 working days peryear, what is the number of day's sales in averageinventory for 2021??А. 78В. 72С. 52D. 48 8. Selected information for Cain Corp. for the year ended December 31,2021 are as follows: Average days' sales in inventories = 124; Average dayssales in accounting receivable = 48. The average number of days in theoperating cycle for 2021 was:%3D2llubebne ritnon ent ot 29oie2 lohatut pritnucobA ou ot tnemetoiz emoonO 172 o emoz pnizzuozib ni au taizzo liw aird woled oworte 2 OS0S(0) ernt eo 92erit to Inohogmi teoM .emooni 22enizud gnnuepemO 124nirotom (b) touneve (5)boheg pnitnuopo (d) pnitnuocoo to iDevniO 8629pive2 iohotUT pnilnuoooA oemoonl evianerdengmo to tnemelo1200mevol bebn3 dinoM erit 1o7O 76

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Selected information from the accounting records of Dalton manufacturing company is as follows: Net sales for 2021 = 1,800,000; cost of goods sold for 2021 = 1,200,000 ;inventories at December 31,2020 %3D = 336,000; inventories at December 31,2021 %3D =288,000. Assuming there are 300 working days per year, what is the number of day's sales in average inventory for 2021?? А. 78 В. 72 С. 52 D. 48

Selected information from the accounting records of Dalton manufacturing company is as follows: Net sales for 2021 = 1,800,000; cost of goods sold for 2021 = 1,200,000 ;inventories at December 31,2020 %3D = 336,000; inventories at December 31,2021 %3D =288,000. Assuming there are 300 working days per year, what is the number of day's sales in average inventory for 2021?? А. 78 В. 72 С. 52 D. 48

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 4MC

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