Question: Janelle Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3 . 9 turns last year, with an annual sales

Janelle Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.9 turns last year, with an annual sales volume (at cost) of $987,000. What was the average inventory value for this product last year? (Round your answer to the nearest dollar.)
Question 3 options:
$250,077
$253,077
$255,077
$257,077

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