The Expense Account selected for inventory parts would normally have the account type . a. Revenue
b. Cost of Goods Sold
c. Income
d. Expense

b. Cost of Goods Sold

Explanation:

An inventory turnover can be defined as a measure of the amount of times an inventory used or sold by an organization at a specific period of time. The inventory turnover is calculated by dividing cost of goods sold by average inventory.

The Expense Account selected for inventory parts would normally have the account type Cost of Goods Sold.

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.