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Inventory turnover based on sales and ending inventory. 15 times That is Sales/Inventory = 15 Inventory turnover based on CGS and ending inventory 15 times

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Inventory turnover based on sales and ending inventory. 15 times That is Sales/Inventory = 15 Inventory turnover based on CGS and ending inventory 15 times That is cgs/Inventory = 10.5 Gross profit for the year is $315,000. Compute ending inventory

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