* I NEED HELP WITH [Economic Order Quantity (EOQ) ] Assignment Inventory Turnover Month Inventory Cost of Goods Sold January 1550000 1225000 February 1850000 2150000 March 1300000 1550000 April 1400000 975000 May 2000000 1350000 June 1650000 1550000 July 1250000 1100000 August 1400000 1150000 September 1700000 1700000 October 1800000 1350000 November 1200000 1400000 December 900000 1000000 Inventory Turnover= (Cost of Goods Sold )/(Average Inventory) For this problem, we use an average monthly inventory and compare that with the total Cost of Goods Sold. Inventory turnover =
Answer: Inventory turnover= 11
Explanation:
| Month | Inventory | Cost of Goods Sold |
| January | 1550000 | 1225000 |
| February | 1850000 | 2150000 |
| March | 1300000 | 1550000 |
| April | 1400000 | 975000 |
| May | 2000000 | 1350000 |
| June | 1650000 | 1550000 |
| July | 1250000 | 1100000 |
| August | 1400000 | 1150000 |
| September | 1700000 | 1700000 |
| October | 1800000 | 1350000 |
| November | 1200000 | 1400000 |
| December | 900000 | 1000000 |
| 1500000.00 | 16500000.00 | |
| Average inventory= Sum of inventory/12 | Total cost of goods sold = Sum of cost of goods sold | |
| Inventory Turnover= (Cost of Goods Sold )/(Average Inventory) | 11.00 |
* I NEED HELP WITH [Economic Order Quantity (EOQ) ] Assignment Inventory Turnover Month Inventory Cost...
Assignment 1) Inventory Turnover Month Inventory Cost of Goods Sold January 1550000 1225000 February 1850000 2150000 March 1300000 1550000 April 1400000 975000 May 2000000 1350000 June 1650000 1550000 July 1250000 1100000 August 1400000 1150000 September 1700000 1700000 October 1800000 1350000 November 1200000 1400000 December 900000 1000000 Inventory Turnover= (Cost of Goods Sold)/(Average Inventory) For this problem, we use an average monthly inventory and compare that with the total Cost of Goods Sold. Inventory turnover =