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The sales in the children's department for the year amounted to $416,000. The stock at the beginning of the year was $120,000 at retail,
The sales in the children's department for the year amounted to $416,000. The stock at the beginning of the year was $120,000 at retail, and for the end of the year, the retail stock figure was $140,000. What was the stock turn for the year?
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solution To calculate the stock turn we need to determine the cost of goods sold ...
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond
7th Edition
0730369323, 9780730369325
