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The following information is available for Swifty Company for 2022. Swifty uses the LIFO inventory method. Beginning inventory $611,000 Ending inventory 702,000 Beginning LIFO reserve

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The following information is available for Swifty Company for 2022. Swifty uses the LIFO inventory method. Beginning inventory $611,000 Ending inventory 702,000 Beginning LIFO reserve 213,000 Ending LIFO reserve 283,000 Cost of goods sold 5,976,385 Sales 7,983,000 Calculate the inventory turnover and days in inventory for Swifty Company based on LIFO. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) times Inventory turnover Days in inventory days eTextbook and Media 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 times Days in Inventory days Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 122 $30 3/3 Purchase 69 $40 3/4 Sales 69 $70 3/10 Purchase 244 $45 3/16 Sales 77 $80 3/19 Sales 114 $80 3/25 Sales 69 $80 3/30 Purchase 53 $50 (a) X Your answer is incorrect. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ 17400

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