Multiple Choice
The following information was available for Pete Company at December 31, 2018: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $984,000; and sales $1,350,000. Pete's days in inventory in 2018 was
A) 21.6 days.
B) 25.9 days.
C) 29.7 days.
D) 33.5 days.
Correct Answer:
Verified
Correct Answer:
Verified
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