1a. Sugar, Inc. sells $829,300 of goods during the year that have a cost of $578,600. Inventory was $31,583 at the beginning of the year and $35,838 at the end of the year. What is the inventory turnover ratio?

1b.

AAA Co. uses a periodic inventory system and has the following information in regard to its inventory:

Beginning inventory	200 units @ 19	$	3,800
Purchase on January 25	300 units @ 20		6,000
Purchase on March 15	200 units @ 21		4,200
Purchase on October 2	400 units @ 22		8,800
Goods available for sale		$	22,800

There are 550 units in ending inventory. What is the amount of the ending inventory using the FIFO method?

1c. Merle Industries had been selling its product for $52 per unit, but recently lowered the selling price to $31 per unit. The company's current inventory consists of 280 units purchased at $48 per unit. The market value of this inventory is currently $29 per unit. At what amount should the companys inventory be reported on the balance sheet?

1d. The records of Alberta Inc. included the following information:

Cost of goods sold	$	2,350,000
Beginning inventory		490,000
Ending inventory		575,000

What is the number of days to sell? (Round your intermediate calculations and final answer to 2 decimal places. Assume 365 days a year.)