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Answer is complete and correct. Item %23 Beginning Unit Ending Unit Average Unit Annual Unit Sales Inventory Turnover Inventory Inventory Inventory 1 380,000 350,000 365,000 630,000 1.726 63,000 83,000 73,000 103,000 1.411 108,000 120,000 114,000 420,000 3.684 430,000 400,000 415,000 580,000 1.398 73,000 83,000 78,000 280,000 3.590 Total 1,054,000 1,036,000 1,045 000 2,013,000 Answer is complete but not entirely correct. Average inventory turnover 2.362 2. 4.

Answer is complete and correct. Item %23 Beginning Unit Ending Unit Average Unit Annual Unit Sales Inventory Turnover Inventory Inventory Inventory 1 380,000 350,000 365,000 630,000 1.726 63,000 83,000 73,000 103,000 1.411 108,000 120,000 114,000 420,000 3.684 430,000 400,000 415,000 580,000 1.398 73,000 83,000 78,000 280,000 3.590 Total 1,054,000 1,036,000 1,045 000 2,013,000 Answer is complete but not entirely correct. Average inventory turnover 2.362 2. 4.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the average inventory turnover? I keep coming up with 2.362.
Answer is complete and correct. Item %23 Beginning Unit Ending Unit Average பாt Annual Unit Sales Inventory ரயmover Inventory Inventory Inventory 365,000 1 380,000 350,000 630,000 1.726 2. 63,000 83,000 73,000 103,000 1.411 3. 108,000 120,000 114,000 420,000 3.684 430,000 400,000 415,000 580,000 1.398 5. 73,000 83,000 78,000 280,000 3.590 Total 1,054,000 1,036,000 1,045,000 2,013,000 Answer is complete but not entirely correct. Average inventory turnover 2.362 4.
Transcribed Image Text:Answer is complete and correct. Item %23 Beginning Unit Ending Unit Average பாt Annual Unit Sales Inventory ரயmover Inventory Inventory Inventory 365,000 1 380,000 350,000 630,000 1.726 2. 63,000 83,000 73,000 103,000 1.411 3. 108,000 120,000 114,000 420,000 3.684 430,000 400,000 415,000 580,000 1.398 5. 73,000 83,000 78,000 280,000 3.590 Total 1,054,000 1,036,000 1,045,000 2,013,000 Answer is complete but not entirely correct. Average inventory turnover 2.362 4.
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