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2. A) Determine the production inventory turns if the cost of goods sold is $800,000 and the average annual inventory cost is $12,000. (1) B)

2. A) Determine the production inventory turns if the cost of goods sold is $800,000 and the average annual inventory cost is $12,000. (1) B) How low would the annual inventory cost drop if the inventory turned over daily? (1)

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