Inventory turnover can be
calculated by: ()
A: adding beginning and ending
inventory; divide by two
B: dividing the cost of goods
sold by average inventory
C: dividing average inventory
by the cost of goods sold
D: multiplying average
inventory by 1.5
calculated by: ()
A: adding beginning and ending
inventory; divide by two
B: dividing the cost of goods
sold by average inventory
C: dividing average inventory
by the cost of goods sold
D: multiplying average
inventory by 1.5
举一反三
- ___________ is the average number of times the inventory is sold per year. A: a. Inventory storage B: b. Cost of goods sold C: c. Cost of goods available for sale D: d. Inventory turnover
- The difference between Cost of Goods Sold and Cost of Goods Available for Sale is: A: Beginning Inventory B: Ending Inventory C: Net Sales D: Net Purchases
- Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.
- When products are completed, A: Finished Goods Inventory is credited. B: Work in Process Inventory is credited. C: Cost of Goods Sold is debited. D: Work in Process Inventory is debited.
- Merchandise inventory:（ ）。 A: neither is the cost of inventory that has been sold or is an expense on the income statement B: both is the cost of inventory that has been sold and is an expense on the income statement C: is an expense on the income statement D: is the cost of inventory that has been sold