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Calculate the inventory turnover

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Question

1. Using the information provided below, what is the inventory value using lower of cost or market?

Product Units Cost Market

Helmets 24 $50 $54

Bats 17 $78 $72

2. Using the information provided below, calculate the inventory turnover.

                         2013 2012

Cost of goods sold $643,825 $426,650

Ending Inventory 97,400 87,7501.

Reference no: EM132318655

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