Author Question: Cost of goods sold for Eastern Distributors was 2,225,000 for the year. If the beginning inventory ... (Read 109 times)

michelleunicorn · **on:** Jun 24, 2018

Cost of goods sold for Eastern Distributors was 2,225,000 for the year. If the beginning inventory at cost was 750,225 and the ending inventory at cost was 625,995, find the inventory turnover at cost. (Round your answer to the nearest tenth)
A) 2.2 Times
B) 2.9 Times
C) 3.2 Times
D) 2.3 Times

Question 2

____________________ dating is when the discount period and the credit period start on the date of the invoice.
Fill in the blank(s) with correct word