problem #1:

problem #2:

Wahlowitz Video Center accumulates the following cost and net realizable value data at December 31 . Compute the lower-of-cost-or-net realizable value for the company's total inventory. The lower-of-cost-or-net realizable value $ Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $126,000, beginning inventory $139,000, cost of goods sold $316,675, and sales revenue $797,000. (a) Calculate the inventory turnover for Oakley, Inc. (Round answer to 2 decimal places, e.g. 1.25.) Inventory turnover times