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The cost of goods sold computations for Riverbed Company and Concord Company are as follows. Riverbed Company Concord Company Beginning inventory $ 45,500 $ 73,000
The cost of goods sold computations for Riverbed Company and Concord Company are as follows. Riverbed Company Concord Company Beginning inventory $ 45,500 $ 73,000 Cost of goods purchased 193,500 296.250 Cost of goods available for sale 239,000 369,250 Ending inventory 57,875 72,000 Cost of goods sold $181,125 $297,250 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Riverbed Company Concord Company Inventory turnover
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