Using the information below, compute the raw materials inventory turnover: Raw materials used$161,600 Beginning raw materials inventory 20,000 Ending raw materials inventory 22,200 Using the information below, compute the raw materials inventory turnover:Raw materials used$161,600Beginning raw materials inventoryEnding raw materials inventory20,00022,200 50.10.45.20.8.08.7.28.7.66.

Raw materials inventory turnover = Raw materials used / [(Beginning raw materials inventory + Ending…

Answered: Using the information below, compute…

Using the information below, compute the raw materials inventory turnover: Raw materials used $ 161,600 Beginning raw materials inventory 20,000 Ending raw materials inventory 22,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Using the information below, compute the raw materials inventory turnover:


Raw materials used	$	161,600
Beginning raw materials inventory		20,000
Ending raw materials inventory		22,200

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