help E6-26

362 chapter 6 Requirements 1. Compute Calm Day's inventory turnover rate for the year. (Round to two decimal places.) places.) gross profit using the periodic inventory system-FIFO, LIFO, and 2. Compute Calm Day's days' sales in inventory for the year. (Round to two decimal E6A-26 Comparing ending merchandise inventory, cost of goods sold, and Learning Objective 7 Appendix 6A weighted-average methods Assume that Jump Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory 2. COGS $513 17 units@$15 each 5 units @ $ 19 each 14 units $ 37 each 11 units $ 23 each 13 units @$ 37 each Jun. 1 Beginning merchandise inventory 12 Purchase 20 Sale 24 Purchase 29 Sale Requirements ate ending merchandise inventory, cost of g the FIFO inventory costing method. the LIFO inventory costing method. the weighted-average inventory costing method. (Round weighted-average cost per 2. Compute ending merchandise inventory, cost of goods sold, and gross profit using 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using unit to the nearest cent and all other amounts to the nearest dollar.)