4 The cost of goods sold computations for Sooner Company and shown below. Later Company are Sooner Company $ 45,000 200,000 245,000 55,000 $190,000 Later Company Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 71,000 290,000 361,000 69,000 $292,000 Instructions (a) Compute inventory turnover and days in inventory for each company (b) Which company moves its inventory more quickly