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The Southern Corporation installed a new inventory management system at the beginning of 2018. Shown below are data from the company's accounting records as reported by the new system: Sales Revenue Cost of goods sold Beginning inventory Ending inventory 2018 2019 $19,000,000 $20,000,000 8,600,000 9,200,000 2,500,000 2,530,000 2,530,000 2,600,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2018 and 2019. Round your answers to two decimal points. HINT: Use your rounded answers for inventory turnover to calculate days' sales in inventory. 2018 2019 0 0 Inventory turnover Days' sales in inventory 0 0 The Vandy Company had the following inventory at year-end: Unit Price Net Realizable Quantity Cost Value Fans Model X1 300 $18 $19 Model X2 250 23 24 Model X3 450 29 25 Heaters Model B7 500 24 30 Model B8 290 35 32 Model B9 100 41 37 Required Determine the value of ending inventory after applying the lower-of-cost-or-net realizable value method to each item of inventory. Applying the lower-of-cost-or-net realizable value method to each item of the inventory results in an ending inventory amount of $ 0