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1/The following information was available for Bowyer Company at December 31, 2022: beginning inventory $90,000;

ending inventory $70,000; cost of goods sold $800,000; and sales $1,100,000. Bowyer's days in inventory in 2022 was

A.36.5 days.

B.41.0 days.

C.26.4 days.

D.32.0 days.




2/ Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:

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An end of the month (1/31/2022) inventory showed that 240 units were on hand. If the company uses LIFO, what is the value of the ending inventory?



A.$1,264

B.$1,920

C.$1,200

D.$1,302




3/Use the following information regarding Black Company and Red Company to answer the question "Which amount is equal to Black Company's "days in inventory" for 2022 (to the closest decimal place)?"


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A.48.7 days

B.43.5 days

C.52.1 days

D.42.0 days

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