Question: Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3 . 1 turns last year, with an annual sales

Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.1 turns last year, with an annual sales volume (at cost) of $963,000. What was the average inventory value for this product last year? Round your answer to the nearest dollar.

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