write my assignment 9812

Use the following data to answer Questions 43 and 44

The records at the end of June 2011 for SunBlush Technologies showed the following for a

particular kind of merchandise:

Inventory, May 31, 2011, at FIFO: 20 units @ $14 = $280

Inventory, May 31, 2011, at Weighted-Average: 20 units @ $7 = $140

Transactions Units Unit Cost Total Cost

Purchase, June 9, 2012 50 $14 $700

Purchase, June 20, 2012 50 $18 $900

Sale, June 11, 2012 20

Sale, June 27, 2012 80

43). Compute the inventory turnover ratio under the FIFO costing method and a

periodic inventory system (round to two decimal places).

a). less than 75 days

b). more than 75 days

c). less than 3 times per year

d). more than 5 times per year

44). Compute the inventory turnover ratio under the Weighted-Average costing method

and a periodic inventory system (round to two decimal places).a). 6.55 daysb). 6.55 timesc). 4 daysd). 4 times

need the computations too.