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Nittany Company uses a periodic inventory system. At the end of the annual accounting period,...

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Accounting

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Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: 11.11 points Units 1,810 Unit Cost $3 Inventory. December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 5,0605 2,920 4,170 Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) Answer is not complete. FIFO L IFO Average Cost 42,820 42,820 42,820 Ending inventory Cost of goods sold $ $ Jetz is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions: Net sales revenue Cost of sales Beginning inventory Ending inventory $ 76,221 58.544 1.830 1.890 Required: Determine the inventory turnover ratio and average days to sell inventory for the current year. (Use 365 days a year. Round your Intermediate calculations and final answers to 2 decimal places.) Inventory turnover Average days to sell inventory aces days MacBook Air

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