Goods available for sale are $245,000; beginning inventory is $56,000; ending inventory is $63,000; and cost of goods sold is $182,000. The inventory turnover is: A. 3.05. B. 2.75. C. 3.25. D. 3.85.

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Inventory turnover? General accounting question

Beginning inventory 74,000. Cost of goods purchased 530, 900. Cost of goods available for sale 604,900. Ending inventory 72,000. Cost of goods sold 532,900. What is the inventory turnover?

If beginning inventory is $1,998, ending inventory is $1,407 and cost of goods sold is $11,158, how much is purchases?

What is the amount of ending inventory?

16:52 itc.birzeit.edu XYZ Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost Total Cost Beginning 100 1/1 entory $5 $ 500 20/2 Purchase 400 $6 2,400 25/7 Purchase 200 $7 1,400 10/10 Purchase 300 $9 2,700 1,000 $7,000

Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $575,056 Cost of goods sold during year 202,401 Accounts receivable, beginning of year 47,751 Accounts receivable, end of year 51,613 Inventory, beginning of year 31,348 Inventory, end of year 44,744 a.15.1 b.4.3 c.5.3 d.20.4

Subject:- General Account.