Question
LMN Corporation is evaluating its inventory management effectiveness. The following data is provided: Cost of Goods Sold (COGS): $4,000,000 Beginning Inventory: $800,000
LMN Corporation is evaluating its inventory management effectiveness. The following data is
provided:
● Cost of Goods Sold (COGS): $4,000,000
● Beginning Inventory: $800,000
● Ending Inventory: Calculation
● Average Inventory Turnover: Calculation
Calculate the following:
a) Inventory Turnover Ratio b) Days Sales of Inventory (DSI) c) Gross Profit Percentage d)
Weighted Average Cost of Inventory e) Inventory Carrying Cost
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Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
