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d. market. 2) Switzer, Inc. has 8 computers which have been part of the inventory...

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Accounting

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d. market. 2) Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and originally retailed for $900. At the statement date, each computer has a current replacement cost of $500. What value should Switzer, Inc., have for the computers at the end of the year? a, $2,400 b. $4,000. c. $4,800. d. $7,200. 3) The following information is available for Miguel Company at December 31, 2017: beginning inventory $160,000; ending inventory $240,000; cost of goods sold $1,050,000; and sales $1,800,000. Miguel's inventory turnover in 2017 is a. 4.38 times. b. 5.25 times. c. 6.56 times. d. 9 times. 4) The following information was available for Pietee Company at December 31, 2017: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $968,000; and sales S1,360,000. Pietee's days in inventory in 2017 was a 21.5 days. b. 26.4 days c. 30.2 days. d. 33.8 days

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