Calculate the number of inventory turns last year


Question: The following data below gives information for Gen's Electrical Supplies. Cost of goods sold last year was 720,000 and the average aggregate inventory of raw materials is 42,000, work in process (WIP) is 28,650 and the finished goods is 142,225. Calculate the number of inventory turns last year, rounded to one decimal place.

 

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Accounting Basics: Calculate the number of inventory turns last year
Reference No:- TGS03417938

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