? AC114 Unit 10 Lab Learning Activity
Question 1 of 2
The cost of goods sold computations for Carla Vista Company and Kingbird Company are shown below.
Carla Vista Company
Kingbird Company
Beginning inventory
$46,000
$ 73,000
Cost of goods purchased
291,760
505,000
Cost of goods available for sale
337,760
578,000
Ending inventory
110,000
113,000
Cost of goods sold
$227,760
$465,000
(a1)
Your answer is incorrect.
Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.)
Carla Vista Company
Inventory turnover
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Kingbird Company
1.67/5
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