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...

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.