Question

Carlos Company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods sold of $285,000, and sales revenue of $475,000. Carlos's days in inventory is

Answer 1

121.67 days

Days in inventory is a measure of the average number of days that inventory is held.

365 days / ($285,000 / (80000+110,000)/2))

365 / (285,000 / {190,000/2})

365/ (285000/95000)

365/3 = 121.67 (rounded)