Concert Coorporation had a Cost of goods Soldof 1,350,000 for the third Quarter. The beginninginventoryat Cost was 145,000, andthe endinginventory at cost amounted to 160, 900. Theinventory turnover rate published asStandard forindustrya business at this Size is 9.5 timesRound inventories to nearest.CenttheandinventoryturnoverstoDearesttenthHab son(a) Calculate the aug inventory (in $) and actualinventory turnoverrate for the Company!blad8.1 aug inventoryInventory= 1/6Turnover=R(b) If the turnover rate B less than 9.5 times Calculatethe target aug inventory (in H.) needed totheoreticallyStandards. If the turnover rateCometoupindustryis greater than 9.5 enter above?$

The inventory turnover ratio refers how many times the merchandise inventory was sold by the…

A Concect Coorporation had a Cost of goods Sold of 1,350,000 for the third Quarter. The beginning inventory at Cost was 145,000, and the ending Inventory at cost amounted. to 160, 900. The inventory turnover rate published as Standard for at this Size is 9.5 times the industry a business. C Round inventories to nearest Cent and inventory) tumovers to nearest tenthout talon tomat bro HÓA wolleb suwen at (a) Calculate the aug inventory (in $) and actual inventory turnover vate for the Company? blad ahad do ← 8.1 aug inventory = 1 Inventory Turnover = V V C (b) If the turnover rate B less than 9,5 times Calculate the target aug inventory (in H) needed to theoretically Come up Standards. If the If the turnover rate to industry is greater than 9.5 enter above?

A Concect Coorporation had a Cost of goods Sold of 1,350,000 for the third Quarter. The beginning inventory at Cost was 145,000, and the ending Inventory at cost amounted. to 160, 900. The inventory turnover rate published as Standard for at this Size is 9.5 times the industry a business. C Round inventories to nearest Cent and inventory) tumovers to nearest tenthout talon tomat bro HÓA wolleb suwen at (a) Calculate the aug inventory (in $) and actual inventory turnover vate for the Company? blad ahad do ← 8.1 aug inventory = 1 Inventory Turnover = V V C (b) If the turnover rate B less than 9,5 times Calculate the target aug inventory (in H) needed to theoretically Come up Standards. If the If the turnover rate to industry is greater than 9.5 enter above?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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