Question
Assume the following: Cost of goods sold = $130,000; Purchases = $170,000; Beginning inventory = $40,000; Ending inventory = $80,000; Current assets = $240,000. Required:
Assume the following: Cost of goods sold = $130,000; Purchases = $170,000; Beginning inventory = $40,000; Ending inventory = $80,000; Current assets = $240,000. Required: Calculate the average inventory, as used when calculating inventory turnover. Correct answer is:
| 60000 |
| 80000 |
| 120000 |
| 210000 |
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The Oxford Handbook Of The Sociology Of Finance
Authors: Karin Knorr Cetina, Alex Preda
1st Edition
0198708777, 978-0198708773
