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The cost of goods sold computations for Pina Colada Company and Flint Company are as follows. Pina Colada Company Flint Company Beginning inventory $46,500
The cost of goods sold computations for Pina Colada Company and Flint Company are as follows. Pina Colada Company Flint Company Beginning inventory $46,500 $73,500 Cost of goods purchased 194,500 295,530 Cost of goods available for sale 241,000 369,030 Ending inventory 59,740 75,000 Cost of goods sold $181,260 $294,030 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Inventory turnover Pina Colada Company Flint Company
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