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The records of Alberta Inc. included the following information: $2,400,000 Cost of goods sold Beginning inventory Ending inventory 495,000 585,000 What is the inventory turnover
The records of Alberta Inc. included the following information: $2,400,000 Cost of goods sold Beginning inventory Ending inventory 495,000 585,000 What is the inventory turnover ratio? (Round your answer to two decimal places.) Multiple Choice 2.20 times 4.44 times 4.85 times 4.10 times The records of Alberta Inc. included the following information: $2,400,000 Cost of goods sold Beginning inventory Ending inventory 495,000 585,000 What is the number of days to sell? (Round your intermediate calculations and final answer to 2 decimal places.) Multiple Choice 82.21 days 182.50 days 75.26 days 89.00 days BAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory Purchase on January 25 Purchase on March 15 Purchase on October 2 Goods available for sale 350 units @ 16 450 units @ 17 350 units @ 18 550 units a 19 $5,6001 7,6501 6,300 10.450 $30,000 There are 750 units in ending inventory. What is the amount of the ending inventory using the FIFO method? Multiple Choice $14,050 $10,450 $13,250 O $5,600
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