Cost of goods sold(given inventory turnover and average inventory)

Formula

Cost of goods sold(given inventory turnover and average inventory) formula
CGS
cost of goods sold
IT
inventory turnover
AI
average inventory

Formula description

In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year.

Calculator (how to use calculator?)

Cost of goods sold(given inventory turnover and average inventory) formula
IT
AI
CGS
Precision

Formula code

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References

  1. Wikepedia:Inventory turnover.

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