What is the cost of goods sold and the # of times?

Brief Exercise 12-7 Calculate inventory turnover (LO12-3) Universal Sports Supply began the year with an inventory balance of $77,000 and a year-end balance of $63,000. Sales of $645,000 generate a gross profit of $215,000 Calculate the inventory turnover ratio for the year. (Round your final answer to 1 decimal place.) Inventory Turnover Ratio Cost of goods sold Average inventory $ Universal Sports Supply times 70,000