Question 16 0.5 pts The following information was available for Bowyer Company: beginning inventory $90,000; ending...

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Answer 1

Answer #1

Answer: Year Numerator Cost of goods sold 880000 11 times Inventory turn over ratio Denominator Average Inventory 80000 Inven

Average inventory =( $90,000 + $70,000) / 2 = $80,000

Answer 2

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