A Concect Coorporation had a Cost of goods Sold of 1,350,000 for the third Quarter. The beginning inventory at Cost was 145,000, and the ending Inventory at cost amounted. to 160, 900. The inventory turnover rate published as Standard for at this Size is 9.5 times the industry a business. C Round inventories to nearest Cent and inventory) tumovers to nearest tenthout talon tomat bro HÓA wolleb suwen at (a) Calculate the aug inventory (in $) and actual inventory turnover vate for the Company? blad ahad do ← 8.1 aug inventory = 1 Inventory Turnover = V V C (b) If the turnover rate B less than 9,5 times Calculate the target aug inventory (in H) needed to theoretically Come up Standards. If the If the turnover rate to industry is greater than 9.5 enter above?
A Concect Coorporation had a Cost of goods Sold of 1,350,000 for the third Quarter. The beginning inventory at Cost was 145,000, and the ending Inventory at cost amounted. to 160, 900. The inventory turnover rate published as Standard for at this Size is 9.5 times the industry a business. C Round inventories to nearest Cent and inventory) tumovers to nearest tenthout talon tomat bro HÓA wolleb suwen at (a) Calculate the aug inventory (in $) and actual inventory turnover vate for the Company? blad ahad do ← 8.1 aug inventory = 1 Inventory Turnover = V V C (b) If the turnover rate B less than 9,5 times Calculate the target aug inventory (in H) needed to theoretically Come up Standards. If the If the turnover rate to industry is greater than 9.5 enter above?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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