the cost of goods sold computations for silver company and gold company are shown be 496694
| The cost of goods sold computations for Silver Company and Gold Company are shown below. | |||||
| Silver Company | Gold Company | ||||
| Beginning inventory | $47,000 | $71,000 | |||
| Cost of goods purchased | 200,000 | 290,000 | |||
| Cost of goods available for sale | 247,000 | 361,000 | |||
| Ending inventory | 55,000 | 69,000 | |||
| Cost of goods sold | $192,000 | $292,000 | |||
| Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 1.25.) | |||||
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