If Work in Process Inventory Is $900 and Cost of Goods

question 28

Multiple Choice

If work in process inventory is $900 and cost of goods sold is $16,425,what is days' sales in work in process inventory?

• A)21 days
• B)6 days
• C)5 days
• D)20 days
• E)18 days

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Definitions:

Aggregate Demand

All-encompassing demand for goods and services within an economic framework, fixed at a particular price point and time frame.

Interest Rates

represent the cost of borrowing money or the return on savings, playing a crucial role in influencing economic activity and financial decisions.

Planned Investment

The expenditure by businesses on capital goods that are intended to increase their productive capacity in the future.

Real Gross Domestic Product

The evaluation of a nation's economic output after adjusting for any price variations, including inflation or deflation, to reveal the genuine quantity of produced goods and services.