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The cost of goods sold computations for Gouda Company and Edam Company are shown below. Gouda Company Edam Company Beginning inventory 47,000 71,000 Cost
The cost of goods sold computations for Gouda Company and Edam Company are shown below. Gouda Company Edam Company Beginning inventory 47,000 71,000 Cost of goods purchased 200,000 290,000 Cost of goods available for sale 247,000 361,000 Ending inventory 58,000 69,000 Cost of goods sold 189,000 292,000 Compute inventory turnover for each Company. (Round answers to 2 decimal places, e.g. 1.25. Use 365 days for calcuation.) Inventory turnover ratio eTextbook and Media Gouda Company Edam Company Compute days in inventory for each Company. (Round answers to O decimal places, e.g. 125.) Days in inventory Gouda Company Edam Company days days
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