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The following accounting information pertains to Boardwalk Taffy and Beach Sweets. The only difference between the two componies is that Boardwalk Taffy uses. FIFO, while

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The following accounting information pertains to Boardwalk Taffy and Beach Sweets. The only difference between the two componies is that Boardwalk Taffy uses. FIFO, while Beach Sweets uses LIFO. Required a-1. Compute the gross margin percentage for each company. a-2. Identify the company that appears to be charging the higher prices in relation to ins cost. b-1. For each company, compute the inventory turnover ratio and the average days to sell imventory. b-2. Identify the company that appears to be incurring the higher financing cost

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