G The number of days' sales in X C 1)All Accounting Chapter 6 Home X com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignme Calculator The number of days' sales in inventory measures Oa. the length of time it takes to acquire and receive payment for the inventory Ob. the number of days inventory takes to arrive after ordering Oc. the length of time it takes to acquire, sell, and replace the inventory Od the number of days inventory is on hand prior to sale, Chapter 6 Hon The number of days' sales C1) All Of The Following Are DX G During times of rising price X C The Following Lots Of Com Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator The following lots of Commodity Z were available for sale during the year. Beginning inventory 9 units at $51 First purchase 18 units at $50 Second purchase 22 units at $55 Third purchase 16 units at $61 The firm uses the periodic system, and there are 24 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the ye according to the FIFO method? Oa. S1,416 Ob. $1.224 Oc. $3,545 Od. 53,521 unting Chapter 6 Hom G The number of days' sales C1) All Of The Following Aretx G During times of rising price X C The Following Lots Of Com X n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false O AL * Calculator The Boxwood Company sells blankets for $32 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Blankets Units Cost Date May 3 Purchase 25 $17 10 Sale 10 17 Purchase 40 $19 20 Sale 18 23 Sale 5 30 Purchase 35 $20 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. Oa. $65 Ob. c. $95 Od. 5312 Next >