The cost of goods sold computations for OBrien Company and Weinberg Company are shown below. Instructions (a)

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The cost of goods sold computations for O’Brien Company and Weinberg Company are shown below.

O'Brien Company Weinberg Company Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inv

Instructions

(a) Compute inventory turnover and days in inventory for each company.

(b) Which company moves its inventory more quickly?

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 20, 2011 09:00 AM

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The cost of goods sold computations for OBrien Company and Weinberg Company are shown below. Instructions (a)

Question:

O'Brien Company Weinberg Company Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $ 45,000 $ 71,000 200,000 290,000 361,000 69,000 245,000 55,000 $190,000 $292,000

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a OBrien Company Weinberg Company Inventory Turnover 1900...View the full answer

Accounting Principles

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