ellington's reported ending inventory is $21,500. Beginning inventory for the year is $21,000. Cost of good, ng the year equaled $175,000 Sales were $218,000. What number below most closely represents Wellington' s average days to sell inventory for the year? Please A. 35.6 round to one significant digit B. 43.8 C.44.5 D. 45.6 E. 8.2 -2. The following information is available for Kerr Company: Freight-in 30,000 Purchase returns Selling expenses Ending inventory 50,000 260,000 what i The cost of goods sold is equal to 300% of selling expenses. s the cost of goods available for sale? Hint: Using a cost of goods sold format might help you to solve this problem A. $665,000 B. $710,000. C. $450,000 D. $190,000. E. None of the above 3. Bass Company's net realizable value for accounts receivable at year end, before adjusting entries, was $$00,000. I$530,000 Accounts Receivable-$30,000 allowance for uncollectible accounts] Following analysis of Accounts Receivable After the write off Bass's net realizable value for Accounts Receivable (net accounts receivable) will be: A. $492.000 B. $508,000 C. $500,000 D. Any of these amounts could be correct depending on the write off method Bass uses customer accounts the accountant decided to write-off $8,000 of accounts receivable as uncollectible. 4. Nottingham Corporation had accounts receivable of $100,000 at January1. The only transactions affecting accounts receivable were sales of $900,000 and cash collections of $850,000. [Use an Accounts Receivable analysis to hel solve this problem] The accounts receivable turnover is A. 6.0 B. 6.6 C. 7.2 D. 9.0 5. Under which cost flow method for inventory valuation will Cost flow and Goods flow be the same? A. B. C. D. E. Always the same under Specific Identification Always the same for all methods Always the same under FIFO Always the same under LIFO Always the same under Average Cost