Indicate whether each of the following items is associated with

(a) allocating the cost of inventories in accordance with the matching rule,

(b) assessing the impact of inventory decisions,

(c) evaluating the level of inventory, or

(d) engaging in an unethical practice.

1. Calculating days’ inventory on hand 2. Ordering a supply of inventory to satisfy customer needs 3. Valuing inventory at an amount to achieve a specific profit objective 4. Calculating the income tax effect of an inventory method 5. Deciding the cost to place on ending inventory Inventory Turnover and Days’ Inventory on Hand