The cost of goods sold computations for obrien company and

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

O'BrienCompany WeinbergCompany
Beginning inventory $45,000 $71,000
Cost of goods purchased

200,000

290,000

Cost of goods available for sale 245,000 361,000
Ending inventory

55,000

69,000

     Cost of goods sold

$190,000

$292,000

Instructions

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

Reference no: EM13482583

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