In retail sales, management needs to know the average inventory figu the turnover of merchandise. Create a project that allows the user to enter the beginning inventory, the ending inventory, and the cost of goods sold. Form: Include labeled text boxes for the beginning inventory, the ending inventory, and the cost of goods sold. After calculating the answers, dis- play the average inventory and the turnover formatted in text boxes. Include buttons for Calculate, Clear, Print, and Exit. The formulas for the calculations are Average inventory = Beginning inventory + Ending inventory 2 Cost of goods sold Average inventory Turnover=- Note: The average inventory is expressed in dollars; the turnover is the number of times the inventory turns over. Code: Include procedures for the click event of each button. Display the results in text boxes. Format the average inventory as currency and the turnover as a number with one digit to the right of the decimal. Make sure to catch any bad input data and display a message to the user.

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3.3 In retail sales, management needs to know the average inventory figure and
the turnover of merchandise. Create a project that allows the user to enter
the beginning inventory, the ending inventory, and the cost of goods sold.
Form: Include labeled text boxes for the beginning inventory, the ending
inventory, and the cost of goods sold. After calculating the answers, dis-
play the average inventory and the turnover formatted in text boxes.
Include buttons for Calculate, Clear, Print, and Exit. The formulas for the
calculations are
Average inventory =
Turnover =
Note: The average inventory is expressed in dollars; the turnover is the
number of times the inventory turns over.
Test Data
Code: Include procedures for the click event of each button. Display the
results in text boxes. Format the average inventory as currency and the
turnover as a number with one digit to the right of the decimal. Make sure
to catch any bad input data and display a message to the user.
Beginning
58500
Beginning inventory + Ending inventory
2
75300
Cost of goods sold
Average inventory
3000
Ending
47000
13600
19600
Cost of Goods Sold
400000
515400
48000
Average Inventory
$52,750.00
44,450.00
11,300.00
Transcribed Image Text:3.3 In retail sales, management needs to know the average inventory figure and the turnover of merchandise. Create a project that allows the user to enter the beginning inventory, the ending inventory, and the cost of goods sold. Form: Include labeled text boxes for the beginning inventory, the ending inventory, and the cost of goods sold. After calculating the answers, dis- play the average inventory and the turnover formatted in text boxes. Include buttons for Calculate, Clear, Print, and Exit. The formulas for the calculations are Average inventory = Turnover = Note: The average inventory is expressed in dollars; the turnover is the number of times the inventory turns over. Test Data Code: Include procedures for the click event of each button. Display the results in text boxes. Format the average inventory as currency and the turnover as a number with one digit to the right of the decimal. Make sure to catch any bad input data and display a message to the user. Beginning 58500 Beginning inventory + Ending inventory 2 75300 Cost of goods sold Average inventory 3000 Ending 47000 13600 19600 Cost of Goods Sold 400000 515400 48000 Average Inventory $52,750.00 44,450.00 11,300.00
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