The Inventory Turnover Is Calculated by Dividing

question 145

Multiple Choice

The inventory turnover is calculated by dividing

• A) cost of goods sold by the ending inventory.
• B) cost of goods sold by the beginning inventory.
• C) cost of goods sold by the average inventory.
• D) average inventory by cost of goods sold.

---

Definitions:

Average Completion Time

The average duration taken to complete all tasks or processes within a specified set of operations or activities.

Job Lateness

The amount of time by which the completion of a job exceeds its originally scheduled or planned delivery time.

Machine Centre

A specific location or unit within a manufacturing facility where machines perform particular functions or operations.

Sequence

A specific order in which related events, movements, or things follow each other.