The following information was available for Riley Ltd at 31 December, 2013: beginning inventory $80 000; ending inventory $120 000; cost of goods sold $600 000; and sales $900 000. Riley’s days in inventory in 2013 was: Group of answer choices 40.6 days. 48.7 days. 60.8 days. 73.0 days.

Stoney Brooke, Incorporated, has sales of $1,040,000 and cost of goods sold of $838,300. The firm had a beginning inventory of $43,000 and an ending inventory of $58,000. What is the length of the inventory period? Assume 365 days per year.

A company just starting business made the following four inventory purchases in June: June 1 150 Units $780 June 10 200 units $1 170 June 15 200 units $1 260 June 28 150 units $990 TOTAL $4 200 A physical count of inventory on June 30 reveals that there are 250 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is: Group of answer choices $2 835. $1,620. $2,580. $1,365.

Beckenworth had cost of goods sold of $10,821 million, ending inventory of $3,489 million, and average inventory of $2,105 million. Its days' sales in inventory equals: (Use 365 days a year.)Multiple Choice46.4.117.7 days.46.7.0.3.71.0 days.

Inventories        - $150,000Receivables       - $300,000Cash                  - $25,000Payables            - $230,000Overdraft           - $90,000Revenue            - $2,700,000Cost of sales      - $1,300,000Gross profit        - $1,400,000 What is the inventory holding period?Group of answer choices65 days78 days41 days42 days

Grays Company has the following purchases and sales during the month of August. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 12 units that were sold? Date Activities Units Acquired at Cost Units Sold at RetailAugust 1 Beginning inventory 10 units @ $44 = $440  August 3 Purchase 20 units @ $46 = $920  August 6 Sales   12 units soldMultiple Choice$502.$504.$532.$548.$460.