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Exercise 6-14 (Part Level Submission) The cost of goods sold computations for Alpha Company and Omega Company are shown below. Alpha Company $ 47,080 Omega
Exercise 6-14 (Part Level Submission) The cost of goods sold computations for Alpha Company and Omega Company are shown below. Alpha Company $ 47,080 Omega Company $ 72,480 291,200 Beginning inventory Cost of goods purchased 193,260 240,340 Cost of goods available for sale 363,680 Ending inventory 59,430 73,690 $180,910 $289,990 Cost of goods sold (a1) X Your answer is incorrect. Try again. Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Alpha Company Omega Company Inventory turnover 0.99 0.85
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