Question
Consider the following information about March raw material inventory: Inventory turnover = 5.0, average inventory = $20,000, and beginning inventory of raw materials = $15.000.
Consider the following information about March raw material inventory: Inventory turnover = 5.0, average inventory = $20,000, and beginning inventory of raw materials = $15.000. Compute purchases for March.
Group of answer choices
$80,000
$90,000
$100,000
$110,000
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Risk-Based Internal Audit
Authors: Jason Lee Mefford
1st Edition
1631922629, 9781631922626
