Calculate the inventory turnover and days in inventory and prepare a statement

showing its gross margin for the month of June What are the challenges or

opportunities calculating the ratios please provide an assessment.

3) Explain the reason for the inventory cost method you applied compared to the

others would it matter if it is periodic or perpetual?

June 1 Beginning inventory Accent C81362 Impala F1883 Impala F1921 Mustang G62313 Tahoe X3892 8 Sales Accent C81362 Mustang G62313 14 Purchases Mustang G71811 Tahoe X4214 Escape E21202 Mustang G71891 Tahoe X4212 20 Sales Mustang G71891 Impala F1921 Tahoe X3892 Escape E21202 23 Purchases Accent C81528 Escape E28268 $24,100 24,600 29,200 29,300 31,400 26,100 31,100 30,200 31,100 29,500 27,400 30,700 33,000 32,100 33,200 31,800 27,200 29,600