Answered You can buy a ready-made answer or pick a professional tutor to order an original one.

QUESTION

Below is presented a table of data for cost of goods sold and ending inventory for the first six months of 2012 for Wynn Manufacturing, Inc.Dec. Jan Feb Mar Apr May JuneCost of goods sold - 1,000. 1,5

Below is presented a table of data for cost of goods sold and ending inventory for the first six months of 2012 for Wynn Manufacturing, Inc.Dec. Jan Feb Mar Apr May JuneCost of goods sold - 1,000. 1,500. 2,100. 2,700. 3,500. 4,800Ending inventory. - 300. 450. 630. 810. 1,050. 1,440You may assume that each month has 30 days.a. Calculate the number of days of cost of goods sold held in inventory for March, April, May, and June assuming quarterly cost of goods sold is used to calculate average daily cost of goods sold.b. Discuss your findings in part a. What is happening with the firm’s investment in inventory?

Show more
  • @
  • 165 orders completed
ANSWER

Tutor has posted answer for $20.00. See answer's preview

$20.00

******* ********* ************ ******* ** ****** *** COGS mo 3) / ** *********** ***** COGS ** Inventory * ****** ********* * ******* ***** COGS ASSUMPTIONS *** *** Mar Apr May June COGS **** 1500 2100 **** **** ********** *** *** 630 *** **** ***************************** **** **** **** 12222DaysCOGSHeldinInv **** **** **** ************************** **** **** 2880 **** ***************** ********* **** * ***** * 1500 + ***** * ** * ***************** ******* ***** **** ** ********* * 630 * **** = ***************** ********* * 630 * 450 + **** * ******** Inventory ** being held *** ashorter **** ****** with **** ********** ********* ******* **** **** decreasing from **** **** in ***** ** 1139 days in *****

Click here to download attached files: ANSWER (10).doc
or Buy custom answer
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question