Wayne's Wax World has an inventory turnover of 16 times per year and a cost of goods sold of $1,600. Calculate the average inventory turnover

Alex Company has inventory of 15 units at a cost of $12 each on August 1. On August 5, they purchased 10 units at $13 per unit. On August 12 they purchased another 12 units at $11 per unit. On August 15, they sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory on August 15 after the sale?

A) $86. B) $81. C) $77. D) $84. E) $82.

Club marketing programs reward customers who buy frequently or in large amounts

Indicate whether the statement is true or false