he average inventory at cost for Western Gear, Inc. was $367,985. The turnover rate at...
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Accounting
he average inventory at cost for Western Gear, Inc. was $367,985. The turnover rate at cost was 3.4, based on cost of goods sold of $1,251,150. The published inventory turnover at cost is 5.7. Since the actual turnover rate is less than the published rate, calculate the target average inventory at cost.
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