Bell Inc. took a physical inventory at the end of the year and determined that $ 780000 of goods were on hand. In addition, Bell, Inc. determined that $ 60000 of goods that were in transit that were shipped f. o.b. shipping point were actually received two days after the inventory count and that the company had $ 90000 of goods out on consignment. What amount should Bell report as inventory at the end of the year

The manager of the quick stop corner convenience store (which never closes) sells four cases of stein beer each day. order costs are $8.00 per order, and stein beer costs $.80 per six-pack (each case of stein beer contains four six-packs). orders arrive three days from the time they are placed. daily holding costs are equal to 5 percent of the cost of the beer. if he were to order 16 cases of stein beer at a time, what would be the average inventory level? a. 0.25 days b. 3 days c. 1 day d. 4 days e. 20 days