Question
A recent accounting statement showed the following: Raw material (RM): Work in process (WIP): Finished goods (FG): Total sales revenue (R): 529,073 2,999,396 3,543,222
A recent accounting statement showed the following: Raw material (RM): Work in process (WIP): Finished goods (FG): Total sales revenue (R): 529,073 2,999,396 3,543,222 71,132,934 Cost of goods % of total revenue: Weeks of operation: What is the inventory turnover? (round to 2 decimal places) 50% 50
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
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