Question
Inventory at a local store was taken at cost four times and was found to be $46,471; $52,993; $46,693; and $58,350. Cost of goods during
Inventory at a local store was taken at cost four times and was found to be $46,471; $52,993; $46,693; and $58,350. Cost of goods during the same period was $249,777. Find the stock turnover at cost.
Round off answer to up to 2 decimal places.
Do not round off values in intermediate calculations.
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
8th Edition
978-0618777181
