Just a Buck Discount Stores is assessing its levels of inventory for 20Ã7 and 20Ã8 and has

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Just a Buck Discount Stores is assessing its levels of inventory for 20Ã—7 and 20Ã—8 and has gathered the following data:

Compute the inventory turnover and days' inventory on hand for 20Ã—7 and 20Ã—8 and comment on the results?

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Principles of Accounting

ISBN: 978-0618736614

10th edition

Authors: Belverd Needles, Marian Powers, Susan Crosson

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Question Posted: Aug 01, 2016 01:03 PM

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Just a Buck Discount Stores is assessing its levels of inventory for 20Ã7 and 20Ã8 and has

Question:

20x8 $96,000 20x7 S 81,000 20x6 $69,000 Ending inventory Cost of goods sold 480 ,000 450,000

Step by Step Answer:

Calculation of Inventory turnover of JB Follow the below formula and calculations to calculate inven...View the full answer

Principles of Accounting

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