The Cost of Goods Sold for Home Depot Last Year

Multiple Choice

The cost of goods sold for Home Depot last year amounted to $3,530,800 and the average inventory at cost was $1,574,182. The published inventory turnover at cost is 5.2. Calculate the inventory turnover at cost, and if it is less than the published rate, calculate the target average inventory at cost. (Round your answer to the nearest dollar)

A) $302,727
B) $679,000
C) $490,864
D) $981,727