16-Screen t Custom View SmartBook xCh7-b C O ezto.mheducation.com/hm.tpx?0.10255
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Question
16-Screen t Custom View SmartBook xCh7-b C O ezto.mheducation.com/hm.tpx?0.10255902738297995 1515864155984 Problem 7-2 The following table contains data about the inventory for five tems at Jones Corporation Complete the missing items in the table (Round your inventory turnover values to 3 decimal places) inning Unit Ending Unit Average Unit Annual Unit Inventory 360,000 61,000 106,000 410 000 1,000 nventoryI 330,000 81,000 118,000 380,000 81.000 610,000 101,000 400,000 560.000 270 000 qi > Saturday References ab lock shittExplanation / Answer
Please find below the filled up table as required:
Item
Beginning Unit Inventory
Ending unit inventory
Average unit inventory
Average unit sales
Inventory turnover
1
360000
330000
345000
610000
1.77
2
61000
81000
71000
101000
1.42
3
106000
118000
112000
400000
3.57
4
410000
380000
395000
560000
1.42
5
71000
81000
76000
270000
3.55
Total
1008000
990000
999000
1941000
11.73
Please note:
Average unit Inventory = ( Beginning Inventory + Ending Inventory ) / 2
Inventory turnover = Average unit sales / Average unit inventory
Item
Beginning Unit Inventory
Ending unit inventory
Average unit inventory
Average unit sales
Inventory turnover
1
360000
330000
345000
610000
1.77
2
61000
81000
71000
101000
1.42
3
106000
118000
112000
400000
3.57
4
410000
380000
395000
560000
1.42
5
71000
81000
76000
270000
3.55
Total
1008000
990000
999000
1941000
11.73
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