Problem $6$

Using the data from Problem $5,$ assume the ending inventory is made up of:

$100$ units from March $14$ purchase

$120$ units from July $30$ purchase

$600$ units from Oct. $26$ purchase

Using the specific identification method, calculate COGS and gross profit.

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Problem $7$

Ending inventory include the following items. Compute the LCM for ending inventory applied separately to each product.

Problem $8$

Use the following information to calculate the inventory turnover for $2011$ and $2010,$ and its days' sales in inventory at December $31,2011.$ Round answers to $1$ decimal.

$\backslash$table$[[,\frac{2011}{?},,{2010}_{?},\frac{2009}{391,300},],[$Cost to goods sold,$$,643,825,$$$,426,650,$$