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Solve for the missing information designated by ? in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one
Solve for the missing information designated by "?" in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) Required information In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 300 units at $5 on January 1, (2) 500 units at $9 on January 8 , and (3) 910 units at $10 on January 29. Assume 1,110 units are on hand at the end of the month. Calculate the cost of goods'avallable for sale, cost of goods sold, and ending inventory under the weighted average cost tlow assumptions. Assume perpetual inventory system and sold 600 units between January 9 and January 28 , (Round your intermediate calculations to 2 decimal places.)
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