A manufacturing plant averaged $540 of raw materials, $230 of work-in-process inventory, and $1230 of finished goods inventory during the month. If the cost of goods sold this month amounted to $12,000, what is the inventory turnover for the month?

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The Answer of A manufacturing plant averaged $540 of raw materials, $230 of work-in-process inventory, and $1230 of finished goods inventory during the month. If the cost of goods sold this month amounted to $12,000, what is the inventory turnover for the month?

A Manufacturing Plant Averaged $540 of Raw Materials, $230 of Work-In-Process