Homework Answers
Answer -
Step - (1) - Information Given -
Beginning inventory = $60000.
Ending inventory = $90000.
Cost of goods sold = $600000.
Sales = $960000.
.
Step - (2) - Calculation of Dulzura's days in inventory -
| Particulars | Explanation | ||
| I. | Inventory Turnover |
Cost of goods sold / [(Beginning inventory + Ending inventory) / 2] = $600000 / [($60000 + $90000) / 2] |
8 times |
| Days in Inventory | 365 days / Inventory Turnover = 356 days / 8 times | 45.6 days | |
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