The average inventory and inventory turnover at retail, assuming that cost of goods sold is $760,000, the beginning inventory is $184,000 and the ending inventory is $123,000 also calculate the target average inventory if the actual turnover is below the published rate 6.8. Round all inventories to the nearest dollar and inventory turnover to the nearest tenth.

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Chapter 16, Problem 9AT

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To calculate: The average inventory and inventory turnover at retail, assuming that cost of goods sold is $760,000, the beginning inventory is $184,000 and the ending inventory is $123,000 also calculate the target average inventory if the actual turnover is below the published rate 6.8. Round all inventories to the nearest dollar and inventory turnover to the nearest tenth.

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