Please do not give solution in image format thanku The cost of goods sold computations for Bridgeport Company and Sarasota Company are shown below.Beginning inventoryCost of goods purchasedCost of goods available for saleEnding inventoryCost of goods soldInventory turnoverBridgeport Company$49,500193,500Days in inventory243.00056,500$186,500Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25)here to searchBridgeport CompanySarasota Company$72.500291.500Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1.250. Use 365 days for calculation)Bridgeport Companydays364.00074,000$290,000Sarasota Company10Sarasota Companydays

Days in inventory is calculated by dividing number of days in a year by inventory turnover ratio.…

The cost of goods sold computations for Bridgeport Company and Sarasota Company are shown below. Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Inventory turnover Bridgeport Company $49,500 193,500 Days in inventory 243,000 56,500 $186,500 ere to search Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25) Bridgeport Company Sarasota Company $72.500 291,500 Bridgeport Company Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1.250. Use 365 days for calculation) days 364.000 74,000 $290,000 Sarasota Company i Sarasota Company

The cost of goods sold computations for Bridgeport Company and Sarasota Company are shown below. Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Inventory turnover Bridgeport Company $49,500 193,500 Days in inventory 243,000 56,500 $186,500 ere to search Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25) Bridgeport Company Sarasota Company $72.500 291,500 Bridgeport Company Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1.250. Use 365 days for calculation) days 364.000 74,000 $290,000 Sarasota Company i Sarasota Company

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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