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The cost of goods sold computations for Alpha Company and Omega Company are shown below Alpha Omega Beginning inventory Cost of goods purchased Cost of
The cost of goods sold computations for Alpha Company and Omega Company are shown below Alpha Omega Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Company $45,000 200,000 245,000 Company 71,000 290,000 361,000 69,000 $292,000 55,000 Cost of goods sold $190,000 Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Alpha Company Omega Company Inventory turnover LINK TO TEXT Compute days in inventory for each company. (Round answers to 0 decimal places, e.g. 1,250. Use 365 days for calculation.) Alpha Company Omega Company Days in inventory days days LINK TO TEXT Which company moves its inventory more quickly
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