QS 14-21 (Algo) Computing inventory ratios LO A1 Sims company reports beginning raw materials inventory of...

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QS 14-21 (Algo) Computing inventory ratios LO A1 Sims company reports beginning raw materials inventory of $2,200 and ending raw materials inventory of $3,400. Assume the company purchased $29,200 of raw materialsand used $28,000 of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales In Inventory Raw Materials turnover Inventory Compute raw materials inventory turnover. Numerator: Raw materials used Raw Materials Inventory turnover Denominator: = Raw Materials Inventory turnover Average raw materials inventory = Raw materials inventory turnover 1 0 < Raw Materials Inventory turnover Days Sales In Raw Materials Inventory > QS 14-21 (Algo) Computing inventory ratios LO A1 Sims company reports beginning raw materials inventory of $2,200 and ending raw materials inventory of $3,400. Assume the company purchased $29,200 of raw materialsand used $28,000 of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales In Inventory Raw Materials turnover Inventory Compute raw materials inventory turnover. Numerator: Raw materials used Raw Materials Inventory turnover Denominator: = Raw Materials Inventory turnover Average raw materials inventory = Raw materials inventory turnover 1 0 < Raw Materials Inventory turnover Days Sales In Raw Materials Inventory >