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What is inventory cost?

How to find the inventory turnover at retail and inventory turnover at cost for this..?

  • Answer:

    Avg Inventory, at retail - 12,750. Turnover (Sales / Inv at Retail) = 17,300 / 12,750 = 1.4 times Avg Inventory, at cost - 7,100 (I assume End Inv is 7,300, not 73,000) Turnover (CGS / Inv at cost) = 9,100 / 7,100 = 1.3 times

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Avg Inventory, at retail - 12,750. Turnover (Sales / Inv at Retail) = 17,300 / 12,750 = 1.4 times Avg Inventory, at cost - 7,100 (I assume End Inv is 7,300, not 73,000) Turnover (CGS / Inv at cost) = 9,100 / 7,100 = 1.3 times

Don G

IT indicates the velocity with which merchandise moves. It is computed by dividing cost of goods sold with average inventory: IT at cost: 9,100/66,100 = 0.22 IT at retail: 9,100/12,750 = 0.71

Willie Boy

IT indicates the velocity with which merchandise moves. It is computed by dividing cost of goods sold with average inventory: IT at cost: 9,100/66,100 = 0.22 IT at retail: 9,100/12,750 = 0.71

Willie Boy

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