G H M N o 3 2 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. 4 Compute inventory turnover and days in inventory. Make a judgement on the company and its inventory management practices. 5 6 #'s are in S 7 8 Sales revenue 2021 9 Cost of goods sold 3,120,000 1,200,000 2022 3,713,000 1,425,000 2021 2022 Inventory Turnover (using ending inventory) 10 11 12 Ending inventory 210,000 90,000 Days in Inventory (assume a year 365 days) 13 14 15 INVENTORY TURNOVER COST OF GOODS SOLD/INVENTORY (AVG). 16. 17 DAYS IN INVENTORY 360 or 365/INVENTORY TURNOVER # 18 19