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The cost of goods sold computations for OBrien Company andWeinberg Company are shown below. O'BrienCompany WeinbergCompany Beginning inventory $45,000 $71,000 Cost of goods purchased 200,000

The cost of goods sold computations for OBrien Company andWeinberg Company are shown below.
O'BrienCompany WeinbergCompany
Beginning inventory $45,000 $71,000
Cost of goods purchased

200,000

290,000

Cost of goods available for sale 245,000 361,000
Ending inventory

55,000

69,000

Cost of goods sold

$190,000

$292,000

Instructions

(a) Compute inventory turnover and days ininventory for each company. (Round inventory turnover to 2 decimalplaces, e.g. 10.50 and the other answers to 0 decimal places, e.g.125.)

O'BrienCompany WeinbergCompany
Inventory turnover
Days in inventory days days

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