ASSESSMENT 7 Instruction: Refer to the module and solve the following with computation. 1. Find the inventory turnover rate Cost of goods sold totaling P179,000 Beginning inventory of $83,000 Ending inventory of $13,500 2. Find the Reorder Point or ROP Suppose you're a electric fan retailer who sells 239 bottles of perfume every day. Your vendor takes one week (7days) to deliver each batch of perfumes you order. You keep enough excess stock for 6 days of sales, in case of unexpected delays. Now, what should your reorder point be?