updated at the end of the period and does not track every transaction? a. Dynamic Inventory System b. Perpetual Inventory System c. Periodic Inventory System d. Specific Identification Inventory System 2. A system during falling costs will give you higher net income and a system will report inventory on the balance sheet closer to replacement costs. a. FIFO, FIFO b.LIFO, FIFO c. FIFO, LIFO d. LIFO, LIFO 3. Calculate COGS and Ending Inventory using a periodic LIFO inventory cost flow system: 1/2018 Beginning inventory 2013 Purchase 162018 sale 220 Purchase 1/15/2016 Sale of Uncost per un 400 S8 200 39 100 200 $10 100 Cost of Goods Sold: Ending Inventory Balance: Access Walgreen's (Ticker: WBA) most recent 10-k to answer the following questions: 4. What is Walgreens Inventory Turnover Ratio for the most recent period? 5. How many days on average does it take Walgreens to sell inventory? 6. What inventory system does Walgreens use to value their inventory? (Hint: Check the notes to the financial statements) Access Apple's most recent 10-k to answer the following questions: 7. What is Apple's Inventory Turnover Ratio for the most recent period? 8. How many days on average does it take Apple to sell inventory? 9. What inventory system does Apple use to value their inventory? (Hint: Check the notes to the financial statements) 10. Compare Apple and Walgreen's Inventory Turnover Ratios. Who is turning over inventory quicker? Why do you think that is? updated at the end of the period and does not track every transaction? a. Dynamic Inventory System b. Perpetual Inventory System c. Periodic Inventory System d. Specific Identification Inventory System 2. A system during falling costs will give you higher net income and a system will report inventory on the balance sheet closer to replacement costs. a. FIFO, FIFO b.LIFO, FIFO c. FIFO, LIFO d. LIFO, LIFO 3. Calculate COGS and Ending Inventory using a periodic LIFO inventory cost flow system: 1/2018 Beginning inventory 2013 Purchase 162018 sale 220 Purchase 1/15/2016 Sale of Uncost per un 400 S8 200 39 100 200 $10 100 Cost of Goods Sold: Ending Inventory Balance: Access Walgreen's (Ticker: WBA) most recent 10-k to answer the following questions: 4. What is Walgreens Inventory Turnover Ratio for the most recent period? 5. How many days on average does it take Walgreens to sell inventory? 6. What inventory system does Walgreens use to value their inventory? (Hint: Check the notes to the financial statements) Access Apple's most recent 10-k to answer the following questions: 7. What is Apple's Inventory Turnover Ratio for the most recent period? 8. How many days on average does it take Apple to sell inventory? 9. What inventory system does Apple use to value their inventory? (Hint: Check the notes to the financial statements) 10. Compare Apple and Walgreen's Inventory Turnover Ratios. Who is turning over inventory quicker? Why do you think that is