Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if cost of merchandsie sold is $100, beginning inv

If Cost of Merchandsie Sold is $100, Beginning Inventory was $30, and Ending Inventory was...

90.2K

Verified Solution

Question

Accounting

If Cost of Merchandsie Sold is $100, Beginning Inventory was $30, and Ending Inventory was $50, find Average inventory _____________ Inventory Turnover _______________

Beginning Inventory = $450, Ending Inventory = $550, Yearly Cost of Merchandise Sold was $365,000 in a 365 day year. Find: (Round to nearest 10th if needed) Average Inventory ________________ Average Daily Cost of Merchandise Sold _______________ Days' sales in Inventory _______________

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

Assume that you have two cylindrical steel samples with 1 in diameter, one made out of...

Accounting
1.2K views

The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics...

Basic Math
1.2K views

An airplane can travel 365 mph in still air. If it travels 2716 miles with...

Calculus
1.2K views

Find f x if x 4 f x In

Accounting
1.2K views

Explain how the conceptual framework is used as a basis for determining...

Accounting
1.2K views

November 26: The shipping cost for the inventory purchase of November 20, was...

Accounting
1.2K views

In a standard cost bookkeeping system, when the actual material price exceeds the standard...

Accounting
1.2K views

Downward Dog Yoga is a manufacturer of yoga apparel. It produces all of its products...

Accounting
1.2K views

Hi, I have a question. The paper say, " The video "Bigger than Enron" 's...

Accounting
1.2K views

T or F? When an asset is sold and its book value exceeds its selling...

Accounting
1.2K views

income from operations of the pierce automobile division is $2,225,000. if income from operations before...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Each gallon of Old...