Question
The cost of goods sold computations for Crane Company and Bramble Company are shown below. Crane Company Bramble Company Beginning inventory $ 49,000 $ 73,000
The cost of goods sold computations for Crane Company and Bramble Company are shown below.
Crane Company | Bramble Company | |||||
---|---|---|---|---|---|---|
Beginning inventory | $ 49,000 | $ 73,000 | ||||
Cost of goods purchased | 266,080 | 254,500 | ||||
Cost of goods available for sale | 315,080 | 327,500 | ||||
Ending inventory | 99,000 | 105,000 | ||||
Cost of goods sold | $216,080 | $222,500 |
(a1)
Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.)
Crane Company | Bramble Company | |||
---|---|---|---|---|
Inventory turnover | enter a number rounded to 2 decimal places | enter a number rounded to 2 decimal places |
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(a2)
Compute days in inventory for each company. (Round answers to 0 decimal places, e.g. 1,250. Use 365 days for calculation.)
Crane Company | Bramble Company | |||||
---|---|---|---|---|---|---|
Days in inventory | enter the number of days rounded to 0 decimal places | days | enter the number of days rounded to 0 decimal places | days |
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