need help with problem E6-13 and E6-14

Exercises 295 the amount of the ending inventory by applying the lower-of E6-12 Serebin Company applied FIFO to its inventory and got the following results for its Compute lower of cost ending inventory 100 units at a cost per unit of $65 (LO 4) Blu-rays players iPods 150 units at a cost per unit of $75 125 units at a cost per unit of $80 ing units at yearend was cameras $71, Blu-ray players $67, and iPods $78. The cost of purchasing year-end Instructions Determine the amount of ending inventory at lower-of-cost-or-market. E6-13 This information is available for Quick's Photo Corporation for 2015,2016, and 2017. Compute inventory turnover 2016 2017 days in inventory, and gross Beginning inventory 100,000 300,000 400,000 480,000 1,300,000 1,900,000 (LO 4) Ending inventory Cost of goods sold Sales revenue 300,000 1,200,000 1,600,000 Instructions Calculate inventory turnover, days in inventory, and gross profit rate (from Chapter 5) for Quick's Photo Corporation for 2015, 2016, and 2017. Comment on any trends. E6-14 The cost of goods sold computations for Alpha Company and Omega Company are shown below. Compute inventory turnover and days in inventory Alpha CompanyOmega Company Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory $ 45,000 200,000 245,000 55,000 $190,000 S 71,000 290,000 361,000 69,000 $292,000 Cost of goods sold Instructions (a) Compute inventory turnover and days in inventory for each company. (b) Which company moves its inventory more quickly