If Inventory Turnover Is 8 Times and the Average Inventory

question 170

Short Answer

If inventory turnover is 8 times and the average inventory was $400000 the cost of goods sold during the year was $______________ and the days in inventory was ______________ days.

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Definitions:

"Hobbits"

A nickname for Homo floresiensis, a small-bodied ancient human species discovered on the Indonesian island of Flores.

Foramen Magnum

A large opening in the base of the skull through which the spinal cord passes to connect to the brain.

Spinal Cord

In vertebrates, the dorsal, tubular nerve cord.

Archaic Humans

Early forms of Homo species, such as Homo neanderthalensis and Homo heidelbergensis, that share some characteristics with modern humans but also have distinct anatomical differences.