QS 13-12 (Algo) Computing inventory turnover and days' sales in inventory LO P3 SCC Company reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $ 52,000 45,900 2,400 8,400 Compute (a) inventory turnover and (b) days' sales in inventory. Hint. Inventory turnover uses average inventory and days' sales in inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales In Inventory Compute the inventory turnover. Inventory Turnover Numerator: Denominator: Inventory Turnover Inventory turnover %3D times < Inventory Tumover Days Sales In Inventory >

QS 13-12 (Algo) Computing inventory turnover and days' sales in inventory LO P3 SCC Company reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $ 52,000 45,900 2,400 8,400 Compute (a) inventory turnover and (b) days' sales in inventory. Hint. Inventory turnover uses average inventory and days' sales in inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales In Inventory Compute the inventory turnover. Inventory Turnover Numerator: Denominator: Inventory Turnover Inventory turnover %3D times < Inventory Tumover Days Sales In Inventory >

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Description: QS 13-12 (Algo) Computing inventory turnover and days' sales in inventory LO P3SCC Company reported the following for the current year:Net sales$ 52,000Cost of goods soldBeginning balance in inventoryEnding balance in inventory45,9002,4008,400Comput

Accounting (Text Only)

26th Edition

ISBN:9781285743615

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 7.8BPE

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