Using the information below,compute the raw materials inventory turnover:

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

Name: Using the information below,compute the raw materials inventory turnover: A)11.02. B)382.02. C)10.06. D)9.94. E)9.50.
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Question

Using the information below,compute the raw materials inventory turnover:

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

Quizplus · Accepted Answer

Raw materials inventory turnover = Raw materials used/Average raw materials inventory
Raw materials inventory turnover = $85,500/[($8,000 + $9,000/2]
Raw materials inventory turnover = $85,500/$8,500 = 10.06

Using the Information Below,compute the Raw Materials Inventory Turnover