(Answered) The cost of goods sold computations for alpha company and

Accounting

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.)

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