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Determine the inventory turnover for the finished goods inventory. 3.8 8.2 7.7 7.2 The following information is for Saratoga Company: Raw materials used during the
The following information is for Saratoga Company: Raw materials used during the year Beginning raw materials inventory Ending raw materials inventory Applied manufacturing overhead Direct labor costs Beginning work-in-process inventory Ending work-in-process inventory Cost Of goods sold Beginning finished goods inventory Ending finished goods inventory $375,000 28,000 30,000 700,000 250,000 100,000 90,000 900,000 125,000 110,000 Determine the inventory turnover for the finished goods inventory. Cl 3.8 8.2 a 7.7 C) 7.2
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