A manufacturing plant had $.74 of raw materials, $.23 of in-progress inventory, and $1.03 of finished goods inventory at month's end. If monthly sales were $10, what is the turnover?
(assume all units are in thousands, i.e. $1 is actually $1000)

Question

A manufacturing plant had $.74 of raw materials, $.23 of in-progress inventory, and $1.03 of finished goods inventory at month's end. If monthly sales were $10, what is the turnover?
 (assume all units are in thousands, i.e. $1 is actually $1000)

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The Answer of A manufacturing plant had $.74 of raw materials, $.23 of in-progress inventory, and $1.03 of finished goods inventory at month's end. If monthly sales were $10, what is the turnover?
 (assume all units are in thousands, i.e. $1 is actually $1000)

A Manufacturing Plant Had