Cost Accounting MCQ: Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of ……………………held during the period

Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of ……………………held during the period

Correct Answer: Average inventory

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Cost Accounting MCQ: Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of ……………………held during the period | Extra Education