Question: ANSWER BOTH 6 & 9 QUESTIONS CORRECTLY WITH CLEAR EXPLANATION NEEDED... THANKS (6) Question 6 of 9 - / 10 View Policies Current Attempt in
ANSWER BOTH 6 & 9 QUESTIONS CORRECTLY WITH CLEAR EXPLANATION NEEDED... THANKS
(6)



Question 6 of 9 - / 10 View Policies Current Attempt in Progress Oriole Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $19,000 $28,000 $34,000 Sales 124,000 126,000 115,000 Cost of goods sold 52,080 52,920 48,300 Profit 32,000 39,000 38,000Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to O decimal places, e.g. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2021 2020 Inventory turnover times times Days sales in inventory days days Gross profit margin % % e Textbook and MediaQuestion 9 of 9 0 / 10 ... Bonita Industries uses the retail inventory method for its two departments: men's shoes and women's shoes. The following information is obtained for each department: Item Men's Shoes Women's Shoes Beginning inventory at cost $37,000 $43,000 Beginning inventory at retail 60,000 85,000 Cost of goods purchased 215,000 322,000 Retail price of goods purchased 349,000 564,000 Net sales 374,000 529,000 Calculate the estimated cost of the ending inventory for each shoe department under the retail inventory method. (Round cost to retail ratio to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.) Men's Shoes Women's Shoes Estimated cost of ending inventory $ LA
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