Calculate the Turnover Rate for each Category.

 

The following information is provided: Alcohol Beverage Cost, Beginning and Ending Inventories for a Sports Bar. One week period ending: September 16, 2020 Calculate the Turnover Rate for each Category. Category Liquor Wine Bear Liquor: Step #1: Step #2: Wine: Step #1: Step #2: Beer: Step #1: Step #2: Cost of Goods Sold Beginning Inventory Ending Inventory $3,615.75 $1,309.50 $2,137.50 $2,739.50 $974.50 $1,593.00 + + $2,698.50 $1,051.50 $1,605.25 + $0.00 2 Inventory Turnover 2 Rate Inventory Turnover Rate +2 Inventory Turnover Rate Average Inventory Average Inventory Average Inventory