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What is Inventory Turnover Calculation Guide about?

The manufacturing plant had an average of $740 in raw materials, $230 in work-in-process inventory, and $1,030 in finished goods inventory. With a cost of goods sold of $10,000, the inventory turnover for the month is calculated to be 5. This indicates how efficiently the plant is managing its inventory relative to sales.

Author

Louis Stephen Comendador

Language

EN