Jordan Precision Welding Had Sales of $134,000 for the Month

question 56

Multiple Choice

Jordan Precision Welding had sales of $134,000 for the month of June.The company's gross profit was $36,000.The company had beginning inventory of $70,000, and a physical inventory count indicated that ending inventory was $66,000.What was the company's average number of days in inventory for June closest to?

• A)177 days
• B)246 days
• C)253 days
• D)266 days

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Definitions:

Safety Training

Programs designed to educate employees about workplace hazards and the correct procedures to minimize accidents and injuries.

Due Diligence

The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract with another party or an act with a certain standard of care.

Job-Related Stress

The stress experienced by an individual that is directly attributed to the demands or pressures of their work environment.

Redesigning Jobs

The process of altering job roles and responsibilities to improve efficiency, satisfaction, or adapt to new technologies.