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Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Exercise 6-15 a1,a2, b (Part Level Submission) The cost of goods sold computations for Ivanhoe
Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Exercise 6-15 a1,a2, b (Part Level Submission) The cost of goods sold computations for Ivanhoe Company and Concord Company are shown below. Ivanhoe Company Concord Company $ 72,000 175,500 $ 41,000 438,800 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 479,800 71,000 $408,800 247,500 70,000 $177,500 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Ivanhoe Company Concord Company Inventory turnover By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attemp (a2) The parts of this question must be completed in order. This part will be available when you complete the part above (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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