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Ex 7 The cost of goods sold computation Turner Company and Brian Company are shown below. Turner Company Brian Company Beginning inventory $ 45,000

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Ex 7 The cost of goods sold computation Turner Company and Brian Company are shown below. Turner Company Brian Company Beginning inventory $ 45,000 $ 71,000 Cost of merchandise purchased (a) 290,000 Cost of merchandise available for sale $ 245,000 $ 361,000 Ending Inventory 55,000 (b) Cost of merchandise sold 190,000 $ 292,000 (c) Compute the Inventory Turnover and Days Sales in Inventory for each company. (d) Which company moves its inventory more quickly?

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