Monty Corp. sells three different categories of tools (small, medium, and large). The cost and net realizable value of its inventory of tools are as follows. Net Realizable Cost Value Small $ 64,700 $ 72,600 Medium 289,800 259,800 Large 152,800 171,800 Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach. Total inventory value $ Early in 2020, Marigold Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2019 and 2020 are shown below. 2019 2020 Sales revenue $3,111,500 $3,746,000 Cost of goods sold 1,223,000 1,405,500 Beginning inventory 179,000 225,000 Ending inventory 225,000 110,000 Determine the inventory turnover for 2019 and 2020. (Round answers to 1 decimal place, e.g. 1.5.) 2019 2020 Inventory turnover Early in 2020, Marigold Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2019 and 2020 are shown below. 2019 2020 Sales revenue $3,111,500 $3,746,000 Cost of goods sold 1,223,000 1,405,500 Beginning inventory 179,000 225,000 Ending inventory 225,000 110,000 Determine days in inventory for 2019 and 2020. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) 2019 2020 Days in inventory days days