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.Multiple Choice21.69 days18.47 days21.99 days17.72 days18.72 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

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.

Rifle Co. had the following inventory information available: Date Transactions Purchases Sales Units Unit Cost Units 1 Sep Beginning inventory 300 $100 3 Sep Purchases 100 $84 5 Sep Sales 250 10 Sep Purchases 250 $80 15 Sep Sales 200 20 Sep Purchases 250 $76 28 Sep Sales 150 Assume that the company uses Average Cost method under the periodic inventory system to estimate cost of goods sold, please calculate the amount of ending inventory at the end of September

Assuming the periodic inventory method is used for the current year, the following data were taken from the accounting records:Sales                                                   $900,000Sales returns and allowances              $  30,000Purchases                                            $500,000Purchase returns and allowances        $    8,000Discount received                               $    4,000Freight-in                                            $    2,000Beginning inventory                           $  90,000Ending inventory                                $130,000What was the cost of goods available for sale?Question 1Answera.$584,000b.$620,000c.$530,000d.$580,000Clear my choice

A company's inventory records report the following: Date Activities Units Acquired at Cost Units Sold at RetailAugust 1 Beginning inventory 15 units @ $38 = $570  August 5 Purchase 10 units @ $39 = $390  August 12 Purchase 20 units @ $40 = $800  August 15 Sales   30 units soldUsing the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?Multiple Choice$400$290$600$1,160$1,760