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.
2021 2022
Sales revenue 3,120,000 3,713,000
Cost of goods sold 1,200,000 1,425,000
Beginning inventory 170,000 210,000
Ending inventory 210,000 90,000
Determine the inventory turnover and days in inventory for 2021 and 2022.
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Early in 2022, Fedor Company switched to a just-in-time inventory system. Its sales and inventory am...
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