1. What is the monthly inventory turnover ratio for each of the twelve months for 2013? Round your answers to two decimal places. Monthly Inventory Turnover Ratio Month January February March April May June July August September October November December 2. What is the total cost of goods sold for the year? Round your answer to the nearest dollar. $ 10000 3. What is the average monthly inventory? Round your answer to the nearest cent. 10 4. What is the annual inventory turnover ratio? Do not round intermediate calculations. Round your answer to two decimal places. ) B Inventory Turnover Ratio Ending Inventory (Dec. 31st) Month January February March April May June July August September October November December $128,000 Ending Inventory $51,000 $84,000 $86,000 $56,000 $77,000 $87,000 $160,000 $218,000 $62,000 $102,000 $167,000 $107,000 Cost of Goods Sold Total COGS $80,000 $1,210,000 $960,000 $760,000 $980,000 $900,000 $560,000 $1,317,000 $988,000 $840,000 $1,300,000 $1,050,000 Average monthly inventory Annual Inventory Ratio Inventory Turnover Ratio Formulas #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A