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E6-14 The cost of goods sold computations for O’Brien Company and Weinberg Company

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E6-14 The cost of goods sold computations for O’Brien Company and Weinberg Company are shown below.

   O'Brien Company   Weinberg Company 
Beginning inventory  45,000  71,000
Cost of goods purchased  200,000  290,000
Cost of goods available for sale  245,000  361,000
Ending inventory  55,000  69,000
Cost of goods sold  190,000  292,000

Instructions
(a) Compute inventory turnover and days in inventory for each company.
(b) Which company moves its inventory more quickly?

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