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Computation of length of inventory period
Stoney Brooke, Inc. has sales of $890,000 and cost of goods sold of $640,000. The firm had a beginning inventory of $36,000 and an ending inventory of $46,000. What is the length of the inventory period?
a) 15.24 daysb) 15.61 daysc) 21.19 daysd) 21.71 dayse) 23.38 days
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