Exam CSCP topic 1 question 670 discussion

Actual exam question from APICS's CSCP

Question #: 670
Topic #: 1

A company that manufactures washers and dryers had a cost of goods sold (COGS) last year of $520,000,000. The average value of inventory for raw materials, work in process (WIP), and finished goods are shown in the table below:

The company operates 365 days a year. The number of inventory turns is approximately:

A. 41.5
B. 27.1
C. 21.4
D. 8.8

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Suggested Answer: D 🗳️

by CSPark000 at June 15, 2023, 11:02 a.m.

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Wijitha

6 months, 2 weeks ago

Selected Answer: B

B is the correct answer- when calculating inventory turns only use average finish good inventory respective to COGS/ in here 52000000/19200000=27.1

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Rajiv8047

10 months, 3 weeks ago

Selected Answer: D

number of inventory turns is $520,000,000 / $59,100,000 = 8.8

upvoted 2 times

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[Removed]

1 year, 2 months ago

Selected Answer: B

520,000,000/19,200,000 = 27.1 B is correct

upvoted 3 times

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CSPark000

1 year, 5 months ago

Selected Answer: D

8.8 ????

upvoted 3 times

MahiSN

1 year, 4 months ago

Inventory Turns = COGS / Average inventory (Finished goods)

upvoted 1 times

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