8. Business XYZ had net sales of $75,400 at cost for the month of April. The cost of inventory at the beginning of April was $22,570 and at the end of April was $26,990. Find 

a.) the average inventory at cost and 

b.) the turnover rate at cost for April

Answer rating: 100% (QA)

To find the average inventory at cost and the turnover rate at cost we can use the following formula... View the full answer