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QUESTION
The following information was available for Metlock, Inc. at December 31, 2017: beginning inventory $79000; ending inventory $134000; cost of goods...
The following information was available for Metlock, Inc. at December 31, 2017: beginning inventory $79000; ending inventory $134000; cost of goods sold $608000; and sales $888000. Metlock days in inventory (rounded) in 2017 was (Round intermediate calculation to 1 decimal place, e.g. 1.2.)
81.1 days.
44.0 days.
47.4 days.
64.0 days.
