Determine raw material turnover

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Reference no: EM1338441

Equation 8-4 Trm = Purchasing costs / RM. A toy producer's average inventory is $100,000 in raw plastic, $150,000 in partially produced toys, and $50,000 in finished toys. If the cost of purchased materials and purchasing overhead is $1,700,000 per year, raw material turnover is:

a. 1/17

b. About 1

c. 5.67

d. 17

Reference no: EM1338441

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