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What is inventory cost?

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

  • how to find the inventory turnover at retail and inventory turnover at cost for this..? net sales 175,600 beginning inventory at retail 214,700 ending inventory at retail 202,400 cost of goods sold 101,900 beginning inventory (at cost) 122,800 ending inventory (at cost) 113,700 no there is no typo i made sure. Please show work thanks so much!

  • Answer:

    At Retail Beginning Inventory 214,700 Sales 175,600 Less Ending Inventory 202,400 = 187,900 At Cost Beginning Inventory 122,800 Sales ( cost) 101,900 Less Ending Inventory 113,700 =111,000

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At Retail Beginning Inventory 214,700 Sales 175,600 Less Ending Inventory 202,400 = 187,900 At Cost Beginning Inventory 122,800 Sales ( cost) 101,900 Less Ending Inventory 113,700 =111,000

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