Assuming the use of a 365-day year, Barry Bees, Inc.'s Cost of Goods Sold equals $10,000. A. Its Beginning Inventory was $800, and its Ending Inventory was $1,200. B. Barry Bee's average days to sell inventory equals days.

Question

Business

Rhett Fitzpatrick

4 August, 05:23

Assuming the use of a 365-day year, Barry Bees, Inc.'s Cost of Goods Sold equals $10,000. A. Its Beginning Inventory was $800, and its Ending Inventory was $1,200. B. Barry Bee's average days to sell inventory equals days.

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Answers (1)

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Nugget · Answer 1

The answer is 36.5 days

Explanation:

Average days to sell inventory is the number of days it takes a firm or business to sell its inventories in a year.

(Average inventory/cost of goods sold) x 365 days

Average inventory = ($800 + $1,200) : 2

=$1,000

Therefore, Barry Bee's average days to sell inventory is ($1,000 : $10,000) x 365days

=36.5 days