View Policies Current Attempt in Progress The cost of goods sold computations for Sarasota Company and Bridgeport Company are as follows. Sarasota Company Bridgeport Company Beginning inventory $ 48,500 $ 73,000 191,500 299,150 240,000 372,150 Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 58,635 72,000 $ 181,365 $ 300,150 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25.) Sarasota Company Bridgeport Company Inventory turnover eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (b) b) Beginning inventory 2,820 units at $5 Purchases 7,890 units at $6 Sales 9,280 units at $10 (a) Your answer is correct. Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. FIFO Cost of goods sold during the period $ 52860 e Textbook and Media Attempts: 1 of 5 used (b) Your answer is correct. Determine cost of goods sold during the period under a periodic inventory system using the LIFO method. LIFO Cost of goods sold during the period $ 54290 e Textbook and Media Attempts: 1 of 5 used (c) Determine cost of goods sold during the period under a periodic inventory system using the average-cost method. (Round average- cost per unit to 3 decimal places, eg. 12.502 and final answer to decimal places, e.g. 1.250.) Average-cost Cost of goods sold during the period $ e Textbook and Media Save for Later Attempts:0 of 5 used Submit