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calculate stock turnover ratioopening stock 40000closing stock 30000purchases. 95000how to find out the value of Cost of goods sold from this??
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calculate stock turnover ratioopening stock 40000closing stock 30000p...
Cost of goods sold= op. stock + purchases - clo. stock
= 40000+95000-30000
= 105000
avg. inventory = op. stock + clo. stock / 2
= 40000+30000/2
= 35000
ITR= 105000/35000
= 3 times
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calculate stock turnover ratioopening stock 40000closing stock 30000purchases. 95000how to find out the value of Cost of goods sold from this??
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