Net Sales Cost of Goods Sold Ending Inventory Beginning Inventory Ending Inventory Average Inventory Inventory Turnover Published Rate Target Average Inventory 4 $4,570,000 $854,000 $650,300 8.2 6 $540,000 $133,250 $71,200 4.8 8 $884,500 $224,130 $134,900 5.9 Net Sales Cost of Goods Sold Ending Inventory Beginning Inventory Ending Inventory Average Inventory Inventory Turnover Published Rate Target Average Inventory 4 $4,570,000 $854,000 $650,300 8.2 6 $540,000 $133,250 $71,200 4.8 8 $884,500 $224,130 $134,900 5.9