Cost of goods sold for Califant Industries was $989,420 for the year. If the beginning inventory at cost was $603,700 and the ending inventory at cost was $414,200, find the inventory turnover at cost. (Round your answer to the nearest tenth)
A) 1.9 Times
B) 2.4 Times
C) 2.0 Times
D) 3.2 Times
Correct Answer:
Verified
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