Deciding the cost to place on ending inventory During 20x1, Certeen Clothiers had beginning inventory of $240,000,

Question:

Deciding the cost to place on ending inventory During 20x1, Certeen Clothiers had beginning inventory of $240,000, ending inventory of $280,000, and cost of goods sold of $1,100,000. Compute the inventory turnover and average days' inventory on hand. SE-2

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