The target average inventory when the inventory turnover is less than published rate, average inventory and inventory turnover and round off to nearest tenth when the total cost of goods sold is $258,400 and beginning and ending inventory are $76,300 and $43,500 respectively and the published rate is 5.2 times.

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Chapter 16.III, Problem 5RE

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To calculate: The target average inventory when the inventory turnover is less than published rate, average inventory and inventory turnover and round off to nearest tenth when the total cost of goods sold is $258,400 and beginning and ending inventory are $76,300 and $43,500 respectively and the published rate is 5.2 times.

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