Question: For a certain department the stock count at the beginning of the year is $51,000 at cost. A stock count in July showed the inventory

For a certain department the stock count at the beginning of the year is $51,000 at cost. A stock count in July showed the inventory at cost as $51,800. End-of-the-year inventories were $52,000 at cost. Purchases at cost throughout the year amounted to $225,000. Calculate the stock turnover rate at cost. a. 4.34 b. 3/46 c. 1/45 d. 5/41 e. 4/64

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