Question 6 Homework. Unanswered Daily, Inc. began 2025 with $6,400 in inventory and ended the year...

Question

Question

Question 6 Homework. Unanswered Daily, Inc. began 2025 with $6,400 in inventory and ended the year with $5,600 in inventory.

Answer 1

Answer #1

Average inventory = (Opening inventory + Ending inventory) / 2

= (5600 + 6400)/2

= 6000

Cost of inventory =32000

Inventory turnover = Cost of inventory / Average Inventory

= 32000 / 6000

= 5.33

Correct choice C

Answer 2

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