___________ 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
A: a. Inventory storage
B: b. Cost of goods sold
C: c. Cost of goods available for sale
D: d. Inventory turnover
举一反三
- Inventory turnover can be<br/>calculated by: () A: adding beginning and ending<br/>inventory; divide by two B: dividing the cost of goods<br/>sold by average inventory C: dividing average inventory<br/>by the cost of goods sold D: multiplying average<br/>inventory by 1.5
- 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
- ___________ is the average number of timesthe inventory is sold per year.
- 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.
- Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.