Author Question: Cost of goods sold for Century Merchandise Mart was 874,510 for the year. If the beginning inventory ... (Read 104 times)

Yi-Chen · **on:** Jun 24, 2018

Cost of goods sold for Century Merchandise Mart was 874,510 for the year. If the beginning inventory at cost was 561,900 and the ending inventory at cost was 302,300, find the inventory turnover at cost. (Round your answer to the nearest tenth)
A) 1.9 Times
B) 2.3 Times
C) 2.0 Times
D) 3.3 Times

Question 2

When ___________________ _ dating is used, terms of sale begin on the date the goods are received by the buyer.
Fill in the blank(s) with correct word