I will try my best to award partial credit on each of the problems where possible. In order for me to do this, you need to show as much work as possible. If I do not see anything written, I have no justification for awarding partial credit. Thanks!

Inventory turnover is calculated by dividing: $($worth $5$ points$)$

Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for $2016$ was $$295,000,$ and sales were $$690,000.$ The amount of merchandise on hand was $$50,000,$ and total assets amounted to $$585,000.$ Using this information, which of the following answers correctly states the average days in inventory ratio? Round to the nearest day. $($worth $5$ points$)$

Use the following information for Items $3-7$

Singh Company sold $75$ units @ $$350$ each on October $31,2016.$ The following information is also available:

$\backslash$table$[[$Beginning inventory,$25$ units @$,$ $$175],[$Feb$.2$ purchase,$20$ units @$,$ $$180],[$June $15$ purchase,$45$ units @$,$ $$200],[$Oct$.1$ purchase,$30$ units @$,$ $$220]]$

Required:

$3.$ Determine the amount of cost of goods sold using LIFO: $($worth $10$ points$)$