Inventory Turnover and Days' Sales in Inventory W. Glass & Company reported the following information in its recent annual report: 2015 2016 Cost of goods sold $6,000,000 $6,600,000 Beginning inventory 900,000 860,000 Ending inventory 860,000 640,000 Calculate the company's inventory turnover and days' sales in inventory for both years. Round answers to two decimal places. Use rounded answers for subsequent calculations. 2015 2016 0 x Inventory turnover Days sales in inventory Check Inventory Costing Methods and the Perpetual Method McKay & Company experienced the following events in March: Date Event Units Unit Cost Total Cost Mar. 1 Purchased inventory 100 @ $35 $3,500 Mar. 3 Sold inventory 60 Mar. 15 Purchased inventory 100 @ $38 $3,800 Mar. 20 Sold inventory Assume the perpetual inventory system is used. Use the weighted-ave Round weighted-average cost per unit to two decimal places. Use rou. 0 X March 3 Cost of goods sold March 20 Weighted average cost per unit $ Cost of goods sold March 31 Total cost of goods sold Ending inventory Check