Solved

Pascarelli Corporation's Inventory at the End of Year 2 Was

Question 307

Multiple Choice

Pascarelli Corporation's inventory at the end of Year 2 was $146,000 and its inventory at the end of Year 1 was $175,000. Cost of goods sold amounted to $985,000 in Year 2. The company's average sale period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)


A) 53.3 days
B) 54.1 days
C) 59.4 days
D) 65.5 days

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions