Swanson Company Had Inventory of $220,000 and $180,000 on December

question 18

Multiple Choice

Swanson Company had inventory of $220,000 and $180,000 on December 31, 2012, and December 31, 2011, respectively. Cost of goods sold for 2012 was $1,800,000. Average days in inventory is approximately:

• A) 36.5.
• B) 9.
• C) 40.6.
• D) 10.

---

Definitions:

Mutual Trust

A reciprocal belief between parties that each will act with honesty, integrity, and reliability.

Employment Policies

Guidelines and rules established by organizations to manage their workforce effectively.

Work Sampling

A statistical technique used to estimate the proportion of time spent on various activities, based on observing instances of work over a period.

Mutual Commitment

A shared pledge or dedication between parties to work towards a common goal or uphold a contract.