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Gross sales for the year were $275,000 with customer returns of 9%. The annual inventories were as follows: 1/1/17 $47,000 BOM 4/1/17 $46,250 7/1/17 $42,700

Gross sales for the year were $275,000 with customer returns of 9%. The annual inventories were as follows:

1/1/17 $47,000 BOM

4/1/17 $46,250

7/1/17 $42,700

10/1/17 $56,500

12/31/17 EOM $38,500

Find:

Average Stock

Annual turnover

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Question

Gross sales for the year were $275,000 with customer returns of 9%. The annual inventories were as follows: 1/1/17 $47,000 BOM 4/1/17 $46,250 7/1/17 $42,700

Gross sales for the year were $275,000 with customer returns of 9%. The annual inventories were as follows: 1/1/17 $47,000 BOM 4/1/17 $46,250 7/1/17 $42,700 10/1/17 $56,500 12/31/17 EOM $38,500 Find: Average Stock Annual turnover

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Gross sales for the year were $275,000 with customer returns of 9%. The annual inventories were as follows:

1/1/17 $47,000 BOM

4/1/17 $46,250

7/1/17 $42,700

10/1/17 $56,500

12/31/17 EOM $38,500

Find:

Average Stock

Annual turnover