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CHAPTER 6 Inventory Costing and n 6-17A Inventory ratios L07 e Indigo financial statements in Appendix III, calculate the following ratios for the year ende d March 31, 2018. Comment on the change and consider whether the ratios make sense give he company's operations. ntory turnover ratio (round to two decimal places) sales in inventory (round to the nearest day) m 6-18A Alternative cost flows-periodic LO8 no snow (OND a mall ) alebres FIGURES: 2. Cost of goods sold; a. $1,191,500; b. $1,231,250 Company began 2020 with 19,000 units of Product X in its inventory that cost $7.50 per u ccessive purchases of the product as follows: Mar. 7............ ..... 26,000 units @ $ 9.00 each May 25.. 31,000 units @ $11.00 each HevuittonTinobe Aug. 1...... 21,500 units @ $12.00 each Nov. 10. 31,000 units @ $13.50 each pany uses a periodic inventory system. On December 31, 2020, a physical count disclosed t Product X remained in inventory. d wollot of pare a calculation showing the number and total cost of the units available for sale during pare calculations showing the amounts that should be assigned to the 2020 ending invent of goods sold, assuming: FIFO Weighted average cost basis (round the average cost per unit to two decimal places). RNATE PROBLEMS m 6-1B