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30. If a company's average turnover ratio in Year 1 is 55 and in Year 2 is 62, did the company's ratio improve or worsen? Improve Worsen 1. A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units Septembe r: 12 units at $135 8 units Novembe r: 10 units at $140 13 units heather finne silly A. On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory? Note: Assume all sales were made on the last day of the month. a. $3,405. b. $3,200. C. $3,365. d. $3,540. e. $3,270. B. Using the attached T-account template (landscape mode) prepare the purchase entries and the month end sales entry. Remember, each T-account must be presented under the correct balance sheet category to earn points. A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units Page 11 Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of: a. $28,495 b. $29,286 C. P $23,286 $12,095 e. $22,495