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Here is the formula for the questions. Also, show the work please 1. What is the end of month stock figure for December 31? Explain
Here is the formula for the questions. Also, show the work please
1. What is the end of month stock figure for December 31? Explain how did you get this solution? ( There isn't a need for calculation for this one )
2. What is the seasonal stock turnover?
Refer to the chart and formula below to answer Qs 3-4: Average Stock = (total of all months' beginning inventories + ending inventory for the period) / (total number of inventories) Refer to the chart and formula below to answer Qs 3-4: Average Stock = (total of all months' beginning inventories + ending inventory for the period) / (total number of inventories)Step by Step Solution
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