Calculate inventory turnover at cost (to nearest hundredth, format as 1.23 that's it, it's a ratio): Ending inventory           $25,000 Cost of goods sold        $43,000 Beginning inventory       $15,000 Net sales                      $55,800

Given the following:     Numberpurchased Costper unit Total January 1 inventory 41 $ 5   $ 205 April 1 61   8     488 June 1 51   9     459 November 1 56   10     560   209       $ 1,712     a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 62 units).   b. Calculate the cost of goods sold using the LIFO (ending inventory shows 62 units).

Given the following:   Numberpurchased Costper unit Total January 1 inventory   30     $ 5     $ 150   April 1   50       8       400   June 1   40       9       360   November 1   45       10       450       165             $ 1,360      a.  Calculate the cost of ending inventory using the LIFO (ending inventory shows 51 units).     b. Calculate the cost of goods sold using the LIFO (ending inventory shows 51 units).

Use the following information: Net sales Cost of goods sold $235,000 168,000 52,000 42,000 Beginning inventory Ending inventory a. Calculate the inventory turnover ratio. b. Calculate the average days in inventory. c. Calculate the gross profit ratio.

Given the following information, how much is the Inventory, beginning? Inventory end. P162,000 Net purchases, P216,000 Cost of goods sold, P144,000.

Calculate cost of ending inventory using the retail method: (Round your answer to the nearest cent.) Retail price $102,000 $ 40,000 Cost Beginning Inventory Purchases during the year Sales for year $60,000 $25,000 $60,000 Cost of ending inventory

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Calculating inventory turnover A7X corporation has ending inventory of $625,817, the cost of goods sold for the year just ended was $9,758,345. What is the inventory turnover? The days sales in inventory? How long, on average, did a unit of inventory sit on the shelf before it was sold?

Use the last-in, first-out (LIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and (c) gross margin for A75 Company, considering the following transactions. Number Unit of Units Cost Beginning inventory 120 $47 Purchased Mar. 2 165 49 Sold Mar. 31 for $70 per unit 84 (a) Sales Revenue (b) Cost of Goods Sold (c) Gross Margin

Inventory Analysis A company reports the following: Cost of goods sold $800,445 Average inventory 94,170 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a.  Inventory turnover fill in the blank 1 b.  Number of days' sales in inventory fill in the blank 2 days