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10. [-/1 Points] DETAILS BRECMBC9 16.III.013.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The cost of goods sold for Veltron International last year amounted
10. [-/1 Points] DETAILS BRECMBC9 16.III.013.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The cost of goods sold for Veltron International last year amounted to $587,400, and the average inventory at cost was $234,960. The published inventory turnover at cost is 6.6. Calculate the inventory turnover at cost, and if it is less than the published rate, calculate the target average inventory at cost (in $). (If the actual turnover is greater than the published rate, enter "above" for target average inventory.) Inventory turnover at cost Target average inventory at cost $ Need Help? Read It Watch It Master It
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