The average inventory at cost for Western Gear, Inc was 367,985. The turnover rate at cost was 3.4, based on cost of goods sold of 1,251,150. The published inventory turnover at cost is 5.7. Since the actual turnover rate is less than the published rate, calculate the target average inventory at cost. (Round your answer to the nearest dollar)
A) 148,500
B) 219,500
C) 367,900
D) 368,000
Question 2
The Canine Shop orders special powders and oils with a list price of 1,500. The supplier extends a 4 trade discount rate. What is the net price?
A) 1,400
B) 84
C) 1,440
D) 60
Equipment Inventory Record
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