Using the information below, compute the raw materials inventory turnover:     Raw materials used$85,500 Beginning raw materials inventory 8,000 Ending raw materials inventory 9,000 

A. 9.50.
B. 9.94.
C. 382.02.
D. 10.06.
E. 11.02.


Answer: D

Business

You might also like to view...

A local service company has decided to segment its market based on occupation; therefore, it has chosen a form of demographic segmentation for its approach

Indicate whether the statement is true or false

Business

To succeed, an organization must add value for all of its stakeholders in the short term only

Indicate whether the statement is true or false

Business

Normally standard costs should be revised when labor rates change to incorporate new union contracts

Indicate whether the statement is true or false

Business

What type of account is the Cost of Goods Sold account?

A. Liability B. Expense C. Contra asset D. Asset

Business