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With Beginning Inventory at Cost of $9,000, Ending Inventory at Cost

Question 12

Multiple Choice

With beginning inventory at cost of $9,000, ending inventory at cost of $7,000, net sales of $51,000, and cost of goods sold of $46,000, the inventory turnover at cost to the nearest hundredth is:


A) 5.75
B) 7.55
C) 5.57
D) 7.57
E) None of these

Correct Answer:

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