Based on the Following Information,compute (A)inventory Turnover; (B)average Daily Cost

question 144

Essay

Based on the following information,compute (a)inventory turnover; (b)average daily cost of goods sold using a 365 day year; and (c)number of days' sales in inventory.
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Cost of goods sold $195,640
Inventory:
Beginning 20,500
Ending 18,628

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Definitions:

Anxiety

An emotion characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure, relating to anticipation of a feared event or situation.

Freudian Methods

Techniques used in psychoanalysis developed by Sigmund Freud, focusing on uncovering unconscious motivations and conflicts driving human behavior.

1950s

A decade marked by significant cultural, economic, and technological changes worldwide, post-World War II.

Psychoanalytic Approach

A method of psychological therapy and analysis rooted in Freudian theory, emphasizing unconscious motivations and early childhood experiences.