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    Financial Accounting Study Set 1
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    Exam 6: Inventory
  5. Question
    Goods Available for Sale Are $350,000; Beginning Inventory Is $24,000;
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Goods Available for Sale Are $350,000; Beginning Inventory Is $24,000;

Question 85

Question 85

Short Answer

Goods available for sale are $350,000; beginning inventory is $24,000; ending inventory is $32,000; and
cost of goods sold is $275,000. The inventory turnover is __________.

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