Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
------------------------- Bramble Corp. applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players iPods 108 units at a
------------------------- Bramble Corp. applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players iPods 108 units at a cost per unit of $68 175 units at a cost per unit of $81 143 units at a cost per unit of $88 The net realizable value of each of these products at year-end was cameras $84, Blu-ray players $57, and iPods $71. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory $ Suppose this information is available for PepsiCo, Inc. for 2020 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 $107.500 317.000 903,000 1.204,000 2021 $317.000 415,500 1,129.500 1,605,500 2022 $415,500 484.000 1,310,000 1,902,000 (a) Calculate the inventory turnover for 2020 2021, and 2022. (Round answers to 1 decimal places, es. 15.2.) 2020 2021 2022 Inventory turnover ratio times times times
-------------------------
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started