Early in 2025, Cullumber Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2024 and 2025 are shown below. 2024 2025 Sales revenue $3,470,000 $3,810,000 Cost of goods sold 1,443,750 1,674,000 Beginning inventory 160,000 225,000 Ending inventory 225,000 85,000 (a1) Your answer is incorrect. Determine the inventory turnover for 2024 and 2025. (Round answers to 1 decimal place, e.g. 5.1.) 2024 2025

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Chapter11: Work Sheet And Adjusting Entries
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Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...
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Early in 2025, Cullumber Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2024 and 2025
are shown below.
2024
2025
Sales revenue
$3,470,000
$3,810,000
Cost of goods sold
1,443,750
1,674,000
Beginning inventory
160,000
225,000
Ending inventory
225,000
85,000
(a1)
Your answer is incorrect.
Determine the inventory turnover for 2024 and 2025. (Round answers to 1 decimal place, e.g. 5.1.)
Inventory turnover
2024
2025
Transcribed Image Text:Early in 2025, Cullumber Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2024 and 2025 are shown below. 2024 2025 Sales revenue $3,470,000 $3,810,000 Cost of goods sold 1,443,750 1,674,000 Beginning inventory 160,000 225,000 Ending inventory 225,000 85,000 (a1) Your answer is incorrect. Determine the inventory turnover for 2024 and 2025. (Round answers to 1 decimal place, e.g. 5.1.) Inventory turnover 2024 2025
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