Redeker Company Had the Following Records $\begin{array}{lll}&2022&2021\\\text { Ending inventory } & \$ 32,650 & \$ 30,490 \\\text { Cost of qoods sold } & 213,600 & 209,040\end{array}$

question 179

Multiple Choice

Redeker Company had the following records: $\begin{array}{lll}&2022&2021\\\text { Ending inventory } & \$ 32,650 & \$ 30,490 \\\text { Cost of qoods sold } & 213,600 & 209,040\end{array}$ What is Redeker's average days in inventory for 2022? (rounded)

• A)53.7 days
• B)56.2 days
• C)55.3 days
• D)52.1 days

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Definitions:

Trade Usage

Common practices or customs within a particular industry, which can sometimes be recognized as legally binding in contractual agreements.

Express Warranty

A promise or guarantee made by a seller regarding the quality, functionality, or condition of a product, specifically stated to the buyer.

Implied Warranty

A legal term for the assurance that a product is fit for its intended purpose, even if not expressly stated.

Physical Nature

The inherent material or structural qualities of something, especially as opposed to its conceptual or virtual aspects.