The cost of goods sold computations for Bridgeport Company and Sarasota Company are shown below. Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Inventory turnover Bridgeport Company $49,500 193,500 Days in inventory 243,000 56,500 $186,500 ere to search Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25) Bridgeport Company Sarasota Company $72.500 291,500 Bridgeport Company Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1.250. Use 365 days for calculation) days 364.000 74,000 $290,000 Sarasota Company i Sarasota Company
The cost of goods sold computations for Bridgeport Company and Sarasota Company are shown below. Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Inventory turnover Bridgeport Company $49,500 193,500 Days in inventory 243,000 56,500 $186,500 ere to search Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25) Bridgeport Company Sarasota Company $72.500 291,500 Bridgeport Company Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1.250. Use 365 days for calculation) days 364.000 74,000 $290,000 Sarasota Company i Sarasota Company
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 67APSA: Inventory Costing Methods Andersons Department Store has the following data for inventory,...
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![The cost of goods sold computations for Bridgeport Company and Sarasota Company are shown below.
Beginning inventory
Cost of goods purchased
Cost of goods available for sale
Ending inventory
Cost of goods sold
Inventory turnover
Bridgeport Company
$49,500
193,500
Days in inventory
243.000
56,500
$186,500
Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25)
here to search
Bridgeport Company
Sarasota Company
$72.500
291.500
Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1.250. Use 365 days for calculation)
Bridgeport Company
days
364.000
74,000
$290,000
Sarasota Company
10
Sarasota Company
days](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff8313eca-cb65-43c7-b30e-0a8656f91240%2F262bf4e5-603d-4871-bccf-3f08e9d3d401%2Fi14tt4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The cost of goods sold computations for Bridgeport Company and Sarasota Company are shown below.
Beginning inventory
Cost of goods purchased
Cost of goods available for sale
Ending inventory
Cost of goods sold
Inventory turnover
Bridgeport Company
$49,500
193,500
Days in inventory
243.000
56,500
$186,500
Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25)
here to search
Bridgeport Company
Sarasota Company
$72.500
291.500
Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1.250. Use 365 days for calculation)
Bridgeport Company
days
364.000
74,000
$290,000
Sarasota Company
10
Sarasota Company
days
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