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Author Question: Cost of goods sold for Galaxy Manufacturers was 3,545,000 for the year. If the beginning inventory ... (Read 161 times)

aabwk4

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on: Jun 24, 2018
Cost of goods sold for Galaxy Manufacturers was 3,545,000 for the year. If the beginning inventory at cost was 950,250 and the ending inventory at cost was 735,875, find the inventory turnover at cost. (Round your answer to the nearest tenth)
 A) 3.5 Times
  B) 1.9 Times
  C) 5.4 Times
  D) 4.2 Times

Question 2

The ___________________ _ period is the time period that the seller allows the buyer to pay an invoice.
 Fill in the blank(s) with correct word


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kjohnson

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

credit


aabwk4

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Reply #2 on: Jun 24, 2018
Correct answers!


kjohnson

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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