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Exam SOFA-CFE Topic 6 Question 84 Discussion
SOFE Exam SOFA-CFE Topic 6 Question 84 Discussion
Actual exam question for SOFE's SOFA-CFE exam
Question #: 84
Topic #: 6
[All SOFA-CFE Questions]
Which of the following is the formula for the inventory turnover?
A
Inventory turnover = Cost of Goods Purchased / Average Inventory
B
Inventory turnover = Cost of Goods Sold / Average Inventory
C
Inventory turnover = Cost of Goods Sold / Total Inventory
D
Inventory turnover = Cost of Goods Purchased / Total Inventory
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Suggested Answer:
C
by
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Apr 12, 2024, 11:29 AM
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Sylvie
1 months ago
I bet the answer is B. Cost of Goods Sold divided by Average Inventory. That's the one that makes the most sense to me.
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Patrick
6 days ago
I believe it's C) Inventory turnover = Cost of Goods Sold / Total Inventory
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Ronna
13 days ago
I agree with you, B) Inventory turnover = Cost of Goods Sold / Average Inventory seems correct
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Olen
15 days ago
I'm not sure, but I think it might be A) Inventory turnover = Cost of Goods Purchased / Average Inventory
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Malika
17 days ago
I think you're right. B) Inventory turnover = Cost of Goods Sold / Average Inventory
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Denise
1 months ago
Wait, is it Total Inventory or Average Inventory? I can never remember which one to use in the formula.
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Ezekiel
19 days ago
B) Inventory turnover = Cost of Goods Sold / Average Inventory
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Alayna
1 months ago
I know this one! It's Cost of Goods Sold divided by Average Inventory. Easy peasy!
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Emile
6 days ago
Thanks for clarifying! I'll remember now that inventory turnover is Cost of Goods Sold divided by Average Inventory.
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Richelle
13 days ago
I always get confused with inventory turnover formulas, but now I know it's Cost of Goods Sold divided by Average Inventory.
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Louisa
1 months ago
That's correct! It's Cost of Goods Sold divided by Average Inventory.
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Theron
2 months ago
Hmm, I think it's Cost of Goods Purchased divided by Average Inventory. Hold on, let me double-check that...
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Lindsey
4 days ago
Let me check the formula again to be sure.
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Jacquline
5 days ago
I think it's actually Cost of Goods Sold divided by Average Inventory.
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Cherrie
1 months ago
I believe it's Cost of Goods Purchased divided by Average Inventory.
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Murray
2 months ago
The formula for inventory turnover is definitely Cost of Goods Sold divided by Average Inventory. I'm sure of that!
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Michel
1 months ago
Actually, the correct formula for inventory turnover is Cost of Goods Purchased divided by Average Inventory.
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Michel
1 months ago
Yes, you are correct! The formula for inventory turnover is Cost of Goods Sold divided by Average Inventory.
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Bette
2 months ago
I'm not sure, but I think it's C) Inventory turnover = Cost of Goods Sold / Total Inventory.
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Tenesha
2 months ago
I believe it is A) Inventory turnover = Cost of Goods Purchased / Average Inventory.
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Xochitl
2 months ago
I think the formula is B) Inventory turnover = Cost of Goods Sold / Average Inventory.
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Sylvie
1 months agoPatrick
6 days agoRonna
13 days agoOlen
15 days agoMalika
17 days agoDenise
1 months agoEzekiel
19 days agoAlayna
1 months agoEmile
6 days agoRichelle
13 days agoLouisa
1 months agoTheron
2 months agoLindsey
4 days agoJacquline
5 days agoCherrie
1 months agoMurray
2 months agoMichel
1 months agoMichel
1 months agoBette
2 months agoTenesha
2 months agoXochitl
2 months ago