The inventory turnover is Goods available for sale are $130,000; beginning inventory is$39,000; ending inventory is $45,000; and cost of goods sold is$85,000. The inventory turnover is:A. 1.92B. 2.18C. 2.02D. 1.78

Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) represents the direct costs…

Answered: Goods available for sale are $130,000;…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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3) A company purchased inventory as follows:200 units at $6.50300 units at $6.20The average unit cost for inventory is a)$6.32. b)$6.50. c)$6.36. d)$6.20.

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