Raw materials inventory turnover for manufacturer

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Reference no: EM131250445

Which of the following represents the correct formula for calculating raw materials inventory turnover for a manufacturer?

Raw materials purchased/Average raw materials inventory.

Average raw materials inventory/Raw materials used.

Raw materials used/Average raw materials inventory.

Ending raw materials/Raw materials used *365.

Raw materials used/Beginning raw materials inventory *365.

Reference no: EM131250445

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