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The cost of goods sold computations for Sunland Company and Oriole Company are shown below. Sunland Company Oriole Company Beginning inventory $45,000 $74,000 Cost of
The cost of goods sold computations for Sunland Company and Oriole Company are shown below.
Sunland Company Oriole Company
Beginning inventory $45,000 $74,000
Cost of goods purchased 283,920 366,150
Cost of goods available for sale 328,920 440,150
Ending inventory 107,000 108,000
Cost of goods sold $221,920 $332,150
Compute inventory turnover for each company.(Round answers to 2 decimal places, e.g. 15.25.)
Inventory turnover:
Sunland Company________
Oriole Company_________
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