The following information is available for Belden Company: 
Assuming that a business year consists of 360 days, the number of days' sales in inventory for 2012 was
Definitions:
Cournot Duopolists
Two firms in a market who decide on their production quantity independently and simultaneously to maximize profits, under the assumption of no further entry by other firms.
Total Cost
The complete cost of production, including fixed and variable expenses incurred in the creation of a product or service.
Bean Sprouts
Young shoots of various bean plants, such as the mung bean, consumed as a vegetable.
Firm's Production
The total amount of goods and services produced by a business within a specific period, influenced by factors such as labor, capital, and technology.
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Q96: The failure to adjust a prepaid expense