Stonebroook, INC., has sales of $1,030,000 and cost of goods sold of $811,800. The firm had...

Stonebroook, INC., has sales of $1,030,000 and cost of goods sold of $811,800. The firm had a beginning inventory of $42,000 and an ending inventory of $57,000. What is the length of the inventory period?Assume 365 days per year.

a. 18.88 days

b. 22.26 days

c. 18.63 days

d. 17.54 days

e. 21.95 days

Expert Solution

Answer B

jeff jeffy answered 2 years ago

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