Inventory turnover indicates Group of answer choices the pattern of transferring units costs from the inventory account to the cost of goods sold. how many times in the course of a year the company is able to sell the amount of its average inventory the flow assumption which provides the most current valuation in the balance sheet the average time period between the purchase of inventory and conversion of this inventory back to cash

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.