This information is available for Kingbird, Inc. for 2017, 2018, and 20 2017 2018 2019 Beginning inventory $ 106,000 $ 318,500 $ 410,000 Ending inventory 318,500 410,000 470,000 Cost of goods sold 894,000 1,127,500 1,292,500 Net sales 1,206,500 1,608,500 1,907,500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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This information is available for Kingbird, Inc. for 2017, 2018, and 2019.
2017
2018
2019
Beginning inventory
$ 106,000
$ 318,500
$ 410,000
Ending inventory
318,500
410,000
470,000
Cost of goods sold
894,000
1,127,500
1,292,500
Net sales
1,206,500
1,608,500
1,907,500
(a1)
(a2)
Your answer is partially correct. Try again.
Calculate days in inventory for Kingbird, Inc. for 2017, 2018, and 2019. (Round answers to 1 de
2017
2018
2019
Days in inventory
86.9 days
117.7 days
125.8 days
Transcribed Image Text:This information is available for Kingbird, Inc. for 2017, 2018, and 2019. 2017 2018 2019 Beginning inventory $ 106,000 $ 318,500 $ 410,000 Ending inventory 318,500 410,000 470,000 Cost of goods sold 894,000 1,127,500 1,292,500 Net sales 1,206,500 1,608,500 1,907,500 (a1) (a2) Your answer is partially correct. Try again. Calculate days in inventory for Kingbird, Inc. for 2017, 2018, and 2019. (Round answers to 1 de 2017 2018 2019 Days in inventory 86.9 days 117.7 days 125.8 days
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