Sims company reports beginning raw materials inventory of $2,000 and ending raw materials inventory of...
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Accounting
Sims company reports beginning raw materials inventory of $2,000 and ending raw materials inventory of $3,000. Assume the company purchased $18,500 of raw materialsand used $17,500 of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory
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