S 14-21 (Algo) Computing inventory ratios LO A1 Sims company reports beginning raw materials Inventory of $2,300 and ending raw materials Inventory of $3,500. Assume the company purchased $15,700 of raw materials and used $14,500 of raw materials during the year. Compute raw materials Inventory turnover and the number of days' sales in raw materials Inventory. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales In Inventory Raw Materials turnover Inventory Compute the number of days' sales in raw materials inventory. Days' Sales In Raw Materials Inventory Numerator: Average raw materials inventory Denominator: Raw materials used Days 365 = 14,500 x 365