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I only need the answer to question #3. It consisits of computing inventory turnover and days sales in inventory for 2014. Show your work. Score:
I only need the answer to question #3. It consisits of computing inventory turnover and days sales in inventory for 2014. Show your work.
Score: Question #2 out of 7 Wiley Coyote Company placed an order to purchase 10,000 rocket packs from Acme Company on December 28, 2014. Acme shipped the rocket packs on December 29, 2014 and they arrived at Wiley Coyote's plant on January 3, 2015. Discuss which company would include these materials in its ending inventory at December 31, 2014, based on whether the shipping terms were FOB Shipping Point or FOB Destination. Be sure to explain why your answer might differ based on the shipping terms. Question #4 Rocky Industries 1/12/15 5/24/15 8/7/15 9/5/15 10/23/15 Ending inventory (units) Units 1,200 1,250 1,100 1,600 850 2,800 Cost per Unit $ 17.50 $ 18.30 $ 19.10 $ 20.35 $ 20.50Step by Step Solution
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