PNB Cos Has Sales of $250,000 and Cost of Goods Sold

question 59

Multiple Choice

PNB Cos. has sales of $250,000 and cost of goods sold of $120,000. The firm had a beginning inventory of $19,000 and an ending inventory of $13,000. What is the length of the days' sales in inventory?

• A) 27.74 days
• B) 57.79 days
• C) 18.98 days
• D) 39.54 days

---

Definitions:

Superego

In psychoanalytic theory, the part of a person's mind that acts as a self-critical conscience, reflecting social standards learned from parents and teachers.

Collective Unconscious

A concept in analytical psychology, referring to the structures of the unconscious mind shared among beings of the same species.

Individualism

A social theory favoring freedom of action for individuals over collective or state control, emphasizing individual initiative and independence.

Voluntary Emigration

The act of leaving one’s country of origin to settle in another by choice, often for economic, social, or political reasons.