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The following information is available for Bramble Company for 2022. Bramble uses the LIFO inventory method. Beginning inventory $602,500 Ending inventory 698,500 Beginning LIFO reserve

The following information is available for Bramble Company for 2022. Bramble uses the LIFO inventory method.

Beginning inventory $602,500
Ending inventory 698,500
Beginning LIFO reserve 206,500
Ending LIFO reserve 299,000
Cost of goods sold 5,981,690
Sales 8,094,000

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Calculate the inventory turnover and days in inventory for Bramble Company based on LIFO. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)

Inventory turnover enter Inventory turnover in times times
Days in inventory enter days in inventory days

inventory turnover - 9.20 times

days in inventory - 39.67 days

Calculate the inventory turnover and days in inventory after adjusting for the LIFO reserve. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)

Inventory turnover enter Inventory turnover in times times
Days in inventory enter days in inventory days

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