Using the following data, compute inventory turnover. Inventory, December 31, year 1 ..................................................... $ 82,000 Cost of
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Inventory, December 31, year 1 ..................................................... $ 82,000
Cost of goods sold .................................................................... 342,000
Sales .................................................................................... 694,000
Inventory, January 1, year 1 ......................................................... 74,000
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Related Book For 
Financial Accounting
ISBN: 978-0324645576
10th edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
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