Given the data below, determine the departmental inventory turnover (at retail) for the period January 1 through
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Question:
Given the data below, determine the departmental inventory turnover (at retail) for the period January 1 through May 31.
Maintained Markup is 41.5%
| BOM | EOM | Sales |
January 1 | $35,380 | $34,260 | $8,542 |
February 1 | $33,260 | $35,160 | $9,124 |
March 1 | $36,160 | $36,890 | $9,682 |
April 1 | $35,890 | $39,456 | $10,209 |
May 1 | $39,456 | $38,500 | $10,998 |
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