Question: Assignment - Inventory Part 1 ( Please show all calculations ) . Akers Inc. maintains average inventory of $ 1 , 0 0 0 ,

Assignment - Inventory Part 1(Please show all
calculations).
Akers Inc. maintains average inventory of $1,000,000(at
cost). Last year, Akers sales volume was $10,000,000 and cost
of goods sold was $7,000,000. Akers has determined that its
inventory carrying cost is 15% annually. What was the inventory
turnover rate? How much was inventory carrying cost for the
year?
Assignment - Inventory Part 1(Please show all calculations). Akers Inc. maintains

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