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The cost of goods sold computations for Blue Spruce Company and Swifty Company are as follows. Blue Spruce Company Swifty Company Beginning inventory $ 48,500
The cost of goods sold computations for Blue Spruce Company and Swifty Company are as follows.
Blue Spruce Company | Swifty Company | |||||
---|---|---|---|---|---|---|
Beginning inventory | $ 48,500 | $ 73,500 | ||||
Cost of goods purchased | 192,000 | 293,325 | ||||
Cost of goods available for sale | 240,500 | 366,825 | ||||
Ending inventory | 55,380 | 69,000 | ||||
Cost of goods sold | $185,120 | $297,825 |
Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Blue Spruce Company Swifty Company Inventory turnover e Textbook and Media Compute days in inventory for each company. (Round answers to 0 decimal places, e.g. 1,250. Use 365 days for calculation.) Blue Spruce Company Swifty Company Days in inventory days days e Textbook and Media Which company moves its inventory more quickly
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