the beginning inventory on April 1 and average inventory at cost and the turnover rate at cost for April. The beginning inventory for April is ( Table 1 ) Iroquois 1 Canoes 2 Kits Chippewa 2 Canoes 2 Kits Winnebago 0 Canoes 3 Kits Paddles 6 Medium 6 Large The net sales of Decorah Custom Canoe were $ 8085 at cost for the month of April and their ending inventory was $ 14645

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Chapter 18, Problem 3CS1

To determine

To calculate: the beginning inventory on April 1 and average inventory at cost and the turnover rate at cost for April.

The beginning inventory for April is (Table 1)

Iroquois

1 Canoes

2 Kits

Chippewa

2 Canoes

2 Kits

Winnebago

0 Canoes

3 Kits

Paddles

6 Medium

6 Large

The net sales of Decorah Custom Canoe were $8085 at cost for the month of April and their ending inventory was $14645

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