Pharoah Company had the following records: 2022 2021 Ending inventory $42000 $30000 Cost of goods sold 349200 324000 What is Pharoah's average days in inventory for 2022?
Pharoah Company had the following records: 2022 2021 Ending inventory $42000 $30000 Cost of goods sold 349200 324000 What is Pharoah's average days in inventory for 2022?
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
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 2MC: The following items were included in Venicio Corporations inventory account on December 31, 2019:...
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Question
Pharoah Company had the following records:
|
2022
|
2021
|
|||
|---|---|---|---|---|
|
Ending inventory
|
$42000 | $30000 | ||
|
Cost of goods sold
|
349200 | 324000 |
What is Pharoah's average days in inventory for 2022?
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