Trekking Company's cost of goods sold was exist15, 550. Its average merchandise inventory was exist4, 575. Its merchandise turnover was 3.4. True False Toys "R" Us had cost of goods sold of exist6, 900 million. Its ending inventory was exist2,000 million. Therefore its days' sales in inventory was 90 days. True False Damaged or obsolete goods: A. Are not counted as saleable inventory. B. Are counted at full cost. C. Are included in inventory at net realizable value if that is less than cost. D. Are not counted as saleable inventory or are counted at full cost. E. Are not counted as saleable inventory and are included in inventory at net realizable value if that is less than cost. Merchandise inventory includes: A. All goods owned by a company and held for sale. B. Goods in transit. C. Goods on consignment. D. Damaged goods. E. All of these answers are correct