P13-4 ( similar to ) Average production cycle . Use the following account information for Rian Company . 2013 and 2014 Selected Balance Sheet Accounts of Rian Company
12 / 31 / 14 12 / 31 / 13 Change Accounts receivable $ 42,912 $ 52,041 $ 9,129 Inventory $ 62,011 $ 66,087 $ 4,076 Accounts payable $ 29,433 $ 27,645 $ 1,788 2014 Selected Income Statement Items for Rian Company Cash sales $ 576000 Credit sales $ 500000 Total sales Cost of goods sold $ 554736
For the coming year , Rian Company wants to reduce its average production cycle to 39.5 days . If the target-ending inventory for 2015 is $ 68267 , what cost of goods sold will the company need to reach its goal ?
P13-5 ( similar to )
Average collection cycle . Use the following account information to find the average collection cycle for Rian Company .