Question
Chapter 6, Question 3 Product Inventoried Beginning Inventory Ending Inventory Food $11,300 $8,700 Beverage $5,750 $6,250 Product Usage Cost of Food Used $122,000 Cost of
| Chapter 6, Question 3 | |||
| Product Inventoried | Beginning Inventory | Ending Inventory | |
| Food | $11,300 | $8,700 | |
| Beverage | $5,750 | $6,250 | |
| Product Usage | |||
| Cost of Food Used | $122,000 | ||
| Cost of Beverage Used | $28,000 | ||
| AVERAGE INVENTORY | |||
| Food | |||
| Beverage | |||
| INVENTORY TURNOVER | |||
| Food | |||
| Beverage | |||
a. What was the average food inventory for Genes operation?
Answer:
b. What was the average beverage inventory for Genes operation?
Answer:
c. How many times did Gene turn his food inventory in the accounting period?
Answer:
d. How many times did Gene turn his beverage inventory in the accounting period?
Answer:
e. What would likely be the cause of the difference between Genes food and beverage inventory turnovers?
Answer:
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ISO 27001 Handbook Implementing And Auditing An Information Security Management System In Small And Medium Sized Businesses
Authors: Cees Van Der Wens
1st Edition
1098547683, 978-1098547684
