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Calculate the inventory turnover ratio

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Calculate the inventory turnover ratio 1 At December 31, 2011, the following information was available for Fife Company: ending inventory $22,600; beginning inventory $21,400; cost of goods sold $154,000; and sales revenue $330,000. Calculate the inventory turnover ratio and days in inventory for Fife. 2 Hoyt Company’s inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.00 Purchases: September 8 450 3.50 September 18 300 3.70 A physical inventory on September 30 shows 250 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Calculate the inventory turnover ratio

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