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

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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