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2012 Ending Inventory Is $25,000; 2013 Ending Inventory Is $19,500;

Question 32

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2012 ending inventory is $25,000; 2013 ending inventory is $19,500; 2014 ending inventory is $22,000; and cost of goods sold is $65,500 for 2014 and $67,900 for 2013. What is the days in inventory for 2013 and 2014? Has it improved?

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2013: 67,900 / (25,000+19,500)...

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