The cost of goods sold computations for Alpha Company and Omega Company are shown below. Instructions (a)

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The cost of goods sold computations for Alpha Company and Omega Company are shown below.

Instructions
(a) Compute inventory turnover and days in inventory for each company.
(b) Which company moves its inventory morequickly?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 01:42 AM

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The cost of goods sold computations for Alpha Company and Omega Company are shown below. Instructions (a)

Question:

Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Alpha Company 45,000 200,000 245,000 55,000 $190,000 Omega Company 71,000 290,000 361,000 69,000 $292,000 Cost of goods sold

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a Alpha Company Omega Company Inventory Turnover 190000 29...View the full answer

Accounting Principles

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