Question

Early in 2022, Fedor Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2021 and 2022 are shown below.

Answer 1

Inventory Turnover = Cost of goods sold/Average Inventory

Inventory Turnover:    

2021 6.3  =1200000/((170000+210000)/2)

2022 9.5  =1425000/((210000+90000)/2)

   

2    

Days in Inventory:    

2021 57.9 or 57.8 days     =365/6.3

2022 38.4  days  =365/9.5

Inventory turnover is an economic ratio displaying how usually an employer has sold and changed inventory in the course of a given duration. An organization can then divide the days within the length with the aid of the inventory turnover system to calculate the times it takes to promote the stock on hand.

Your question is incomplete. Please read below to find the missing content.

Early in 2022, Fedor Company switched to a just-in-time inventory system. Its sales and inventor

amounts for 2021 and 2022 are shown below.

2022

2021

$3,120,000

1,200,000

170,000

210,000

Sales revenue

Cost of goods sold

Beginning inventory

Ending inventory

$3,713,000

1,425,000

210,000

90,000

Learn more about Inventory turnover here: brainly.com/question/15707266

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