Pascarelli Corporation's Inventory at the End of Year 2 Was

question 204

Multiple Choice

Pascarelli Corporation's inventory at the end of Year 2 was $122,000 and its inventory at the end of Year 1 was $150,000. Cost of goods sold amounted to $870,000 in Year 2. The company's average sale period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) 230.1 days
• B) 51.2 days
• C) 57.0 days
• D) 32.3 days

Familiarity with pricing and cost calculations in various shopping and service scenarios.

Ability to calculate profit by subtracting costs from sales.

Understand the concept of rate and apply it to calculate fuel efficiency and cost per unit of distance.

Calculate earnings based on hourly rates and total hours worked.

---

Definitions:

Articulates

Joints or points of connection between bones in the skeletal system.

Humerus

The long bone in the upper arm or forelimb extending from the shoulder to the elbow.

Collar Bone

Also known as the clavicle, it is a long bone that serves as a strut between the shoulder blade and the sternum or breastbone.

Clavicle

A bone in the human body also known as the collarbone, connecting the arm to the body.