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3 years ago

Crane Corporation's computation of cost of goods sold is:

Business

1 answer:

slava [35]3 years ago

5 0

Answer:

16.64 days

Explanation:

Given the above information, we will calculate the average days to sell inventories with the formula below;

Average days to sell inventories = [Ending inventory / Cost of goods sold] × 100

Ending inventory = $72,000

Cost of goods sold = $432,800

Then, Average days to sell inventories

= [$72,000 / $432,800] × 100

= 16.64 days

Therefore, the average days to sell inventory for Fry are 16.64 days

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3 years ago

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Answer:

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Explanation:

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