The cost of goods sold computations for Alpha Company and Omega Company are shown below.
| Alpha Company |
Omega Company |
| Beginning inventory |
mce_markernbsp;45,000 |
mce_markernbsp;71,000 |
| Cost of goods purchased |
199,000 |
295,500 |
| Cost of goods available for sale |
244,000 |
366,500 |
| Ending inventory |
55,500 |
71,500 |
| Cost of goods sold |
$188,500 |
$295,000 |
Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.)
Compute days in inventory for each company. (Round answers to 0 decimal places, e.g. 1,250. Use 365 days for calculation.)