Using the information below, compute the raw materials inventory turnover: $\begin{array}{lr}
\text { Raw Materials Used } & \$ 85,500 \
\text { Beginning Raw Materials Inventory } & 8,000 \
\text { Ending Raw Materials Inventory } & 9,000
\end{array}$
A) 10.06.
B) 9.50.
C) 382.02.
D) 11.02.
E) 9.94.

Question

Quizplus · Accepted Answer

Raw materials inventory turnover = Raw materials used / Average raw materials inventoryAverage raw materials inventory = (Beginning raw materials inventory + Ending raw materials inventory) / 2= (8,000 + 9,000) / 2= 8,500Raw materials inventory turnover = 85,500 / 8,500= 10.06

Using the Information Below, Compute the Raw Materials Inventory Turnover