A firms cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per
Question:
A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year’s average inventory level for each item, along with its value.
a. What is the average aggregate inventory value?
b. How many weeks of supply does the firm maintain?
c. What was the inventory turnover last year?
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a b Average weekly sales at cost 341000052 weeks 65577week ...View the full answer
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Related Book For 
Operations Management Processes And Supply Chains
ISBN: 9780136860938
13th Edition
Authors: Lee J. Krajewski, Manoj Malhotra
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