At December 31, 2020, the following information was available for E. Hetzel Company: ending inventory $40,000,...

 

 

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At December 31, 2020, the following information was available for E. Hetzel Company: ending inventory $40,000, beginning inventory $56,000, cost of goods sold $270,000, and sales revenue $380,000. Calculate inventory turnover for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5.) Inventory turnover times LINK TO TEXT Calculate days in inventory for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory days Cruz Video Center accumulates the following cost and net realizable data at December 31. Net Realizable Inventory Cost Categories Data Value Data Cameras $12,000 $12,300 Camcorders 9,500 9,700 Blu-ray players 14,000 12,900 Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory. The lower-of-cost-or-net realizable value 34900 At December 31, 2020, the following information was available for E. Hetzel Company: ending inventory $40,000, beginning inventory $56,000, cost of goods sold $270,000, and sales revenue $380,000. Calculate inventory turnover for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5.) Inventory turnover times LINK TO TEXT Calculate days in inventory for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory days Cruz Video Center accumulates the following cost and net realizable data at December 31. Net Realizable Inventory Cost Categories Data Value Data Cameras $12,000 $12,300 Camcorders 9,500 9,700 Blu-ray players 14,000 12,900 Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory. The lower-of-cost-or-net realizable value 34900

Answer rating: 100% (QA)

Solution 1 Average inventory Beginning inventory Ending ... View the full answer