Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them. Days' sales in inventory = Days in accounting period Inventory turnover To Calculate: The process of day’s sales in inventory.

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Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

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During June, the production department of a process operations system completed and transferred to finished goods a total of 82,000 units of product. At the end of May, 18,000 additional units were in process in the production department and were 70% complete with respect to materials. The beginning inventory included a materials cost of $92,400 and the production department incurred a direct materials cost of $276,800 during June. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.

Mistral Inc. reported $85,000 in net profit for the year using absorption costing. The company had no units in beginning inventory, planned and actual production was24,000 units and sales were 20,500 units during the year. Variable manufacturing costs were $25 per unit and total budgeted fixed manufacturing overhead was $120,000. There was no underapplied or overapplied overhead reported during the year. Determine the net profit under variable costing.

Answer 2

Question

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Answer 6

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Answer 7

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Answer 8

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Answer 11

Ch. 6 - Which principle or concept states that businesses...Ch. 6 - Which inventory costing method assigns to ending...Ch. 6 - Assume Nile.com began April with 14 units of...Ch. 6 - Suppose Nile.com used the weighted-average...Ch. 6 - Which inventory costing method results in the...Ch. 6 - Prob. 6QC Ch. 6 - At December 31, 2016, Stevenson Company overstated...Ch. 6 - Suppose Maestros had cost of goods sold during the...Ch. 6 - Suppose Nile.com used the LIFO inventory costing...Ch. 6 - Prob. 1RQ

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them. Days' sales in inventory = Days in accounting period Inventory turnover To Calculate: The process of day’s sales in inventory.

Solution Summary: The author explains that day's sales inventory measures the average number of days a company takes to make sales of the inventory available with them.

Videos

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Want to see the full answer?

Chapter 6 Solutions

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them. Days' sales in inventory = Days in accounting period Inventory turnover To Calculate: The process of day’s sales in inventory.

Solution Summary: The author explains that day's sales inventory measures the average number of days a company takes to make sales of the inventory available with them.

Videos

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them. Days' sales in inventory=Days in accounting periodInventory turnover To Calculate: The process of day’s sales in inventory.

Want to see the full answer?

Chapter 6 Solutions

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.