Respuesta :
On average, a unit of inventory sat on the shelf for 44.78 days before it was sold.
Ending Inventory = $482,700
Cost of goods sold = $3,934,005
Inventory Turnover Ratio = COGS / Ending Inventory = $3,934,005 / $482,700 = 8.15 times
Days' sales in Inventory = 365 / Inventory Turnover Ratio = 365/8.15 = 44.78 ~ 45 Days
What is inventory unit?
The inventory unit, commonly called a piece, is the littlest unit in which the thing can be referenced. This unit cannot be subdivided. Since all other units can be part, an unsplit table unit is required for accurate description of stock levels.
While there are many sorts of stock, the four major ones are raw materials and components, work in advance, finished goods and support, repair and working supplies.
To learn more about inventory unit, visit;
https://brainly.com/question/13167934
#SPJ4
