3. Accounting records for Dunda's Corporation yield the following da ta for the year ended June 30, 2012: Inventory, June 30, 2011....... $10,000 46,000 Purchases of inventory (on account). Sales of inventory-83% on account; 17% for cash (cost $39,000) 75,000 Inventory at FIFO, June 30, 2012 17,000 A. Calculate the inventory turnover ratio and days of turnover. (4 points) B. Report ending inventory, sales, cost of goods sold, and gross profit on the appropriate financial statement. (6 points)