accuracy . efficiency . comparability . conservatism . 9- Multiple Choice Question 168
The inventory turnover ratio is computed by dividing cost of goods sold by
beginning inventory . ending inventory . average inventory . 365 days . 10- Multiple Choice Question 126
Switzer , Inc . has 5 computers which have been part of the inventory for over two years . Each computer cost $ 600 and originally retailed for $ 900 . At the statement date , each computer has a current replacement cost of $ 400 . How much loss should Switzer , Inc ., record for the year ?
$ 2,000 . $ 2,500 . $ 1,000 . $ 1,500 .