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Do It! Review 6-03b al-a2 Early in 2022, Fedor Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2021 and 2022
Do It! Review 6-03b al-a2 Early in 2022, Fedor Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2021 and 2022 are shown below. Sales revenue Cost of goods sold Beginning inventory Ending inventory 2021 $3,120,000 1,200,000 170,000 210,000 2022 $3,713,000 1,425,000 210,000 90,000 Determine the inventory turnover for 2021 and 2022. (Round answers to 1 decimal place, e.g. 5.1.) 2021 2022 Inventory turnover SHOW LIST OF ACCOUNTS LINK TO TEXT Determine the days in inventory for 2021 and 2022. (Round answers to 1 decimal place, e.g. 5.1.) 2021 2022 Days in inventory days days
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