The Ashton Furniture Company manufactures coffee tables and chest of drawers. Last year the companys cost of
Question:
The Ashton Furniture Company manufactures coffee tables and chest of drawers. Last year the company’s cost of goods sold was $3,700,000, and it carried inventory of oak, pine, stains, joiners, and brass fixtures, work-in-process of furniture frames, drawers and wood panels, and finished chests and coffee tables. Its average inventory levels for a 52- week business year were as follows.
Determine the number of inventory turns and the days of supply for the furniture company.
Transcribed Image Text:
Raw Materials Oak Average Inventory Unit Cost $6.00 4500 1200 8.00 2.00 1.00 Brass fixtures Joiners 900 Work-in-Process Frames Drawers Pancls Chests Tables 200 400 $30 10 120 110 Finished Goods Chests Coffee tables $500 350 300
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
Average aggregate v...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
Question Posted:
Students also viewed these Management Leadership questions
-
The Ashton Furniture Company manufactures coffee tables and chests of drawers. Last year the companys cost of goods sold was $3.7 million, and it carried inventory of oak, pine, stains, joiners, and...
-
Beaver Company manufactures coffee tables and uses an activity - based costing system. Each coffee table consists of 30 separate parts totaling $250 in direct materials, and requires 5 hours of...
-
Beaver Company manufactures coffee tables and uses an activity-based costing system. Each coffee table consists of 30 separates totaling $250 in direct materials, and requires 5 hours of machine time...
-
Refer to the data for Alou Equipment Repair Corp. in P4.9A. Assume that Alou closes its books monthly. In P4.9A On October 31, 2018, Alou Equipment Repair Corp.'s opening trial balance was as...
-
For a set A, let C = {Pi | Pl is a partition of A}. Define relation R on C by Pi R Pj if Pi Pj - that is, Pi is a refinement of Pj. (a) Verify that R is a partial order on C. (b) For A = {1, 2, 3,...
-
Explain why a U.S. recession that occurs as the rest of the world is expanding will tend to reduce the U.S. trade deficit.
-
For each of the following, calculate the degrees of freedom \((d f)\) and determine the critical values of \(t\) (assume \(\mathrm{a}=.05\) ). a. N =21, N2 = 21, H: H H1 H1* H2 b. N 14, N = 14, H1 H1...
-
The Sherill Utility District was recently established. Its balance sheet, after one year, is presented below. Note the following additional information: ¢ The general fund received all of its...
-
During 2021, Albert redeems Series EE savings bonds for $6,000 - - consisting of $2,000 interest and $4,000 principal. Albert has net qualifying education expenses of $5,000 in 2021. Albert, a single...
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
The Fizer Drug Company manufactures over-the-counter and prescription drugs. Last year the companys cost of goods sold was $470 million. It carried average raw material inventory of $17.5 million,...
-
Barington Mills manufactures denim cloth from two primary raw materials, cotton and dye. Work-in-processincludes lapped cotton, spun yarn, and undyed cloth, while finished goods includes three grades...
-
Two blocks of copper, one of mass \(1 \mathrm{~kg}\) and the second of mass \(3 \mathrm{~kg}\), are at the same temperature. Which block has more thermal energy? If the blocks are placed in thermal...
-
Internal environmental analysis for Oriental Weavers including financial statement , organizational analysis, SWOT analysis Explain in detail.
-
Why is so important to an a next generation leader's ability to lead business?
-
What would you change for south Australia's (USP) in regards to tourism marketing?
-
Describe the strategic leadership of a successful CEO(s) in the organization's history and how this leadership has affected the strategy of the organization and contributed to its organizational...
-
Juan read the article of Dr. Timbreza about different ethical theories. After reading the article, he was convinced that humans only live once. He was convinced that a moral life is a life pursuing...
-
If an angle is 49, then . . . a.. . . what is its complement? b.. . . what is its supplement? c. . . . if it is an angle in a right triangle, what is the size of the other acute angle?
-
QUESTION 2 The CEO of Farisha Hijab Sdn Bhd insisted on further investigation to be carried out that he also required Mr Muaz to conduct the analysis of variance for the material and labour of the...
-
Which of the following statements is false? A. ATP and ADW are types of autonomous databases. B. ADBs use DB Resource Manager for defining differentiated services. C. TPURGENT and TP are services...
-
During the scenario analysis stage, why is it important to determine specific scenarios you want to run? Why is it also important to experiment?
-
In the final presentation step, why is it important to review the data collection?
-
How is operations management different from supply chain management?
-
Using two-way Set-Associative mapping method, design two-way mapping for cache memory from main memory. Explain why you need each condition and show all intermediate calculation procedures. You must...
-
18) Under the proration approach, the sum of the amounts shown in the subsidiary ledgers will not match the amounts shown in the general ledger because no adjustments from budgeted to actual...
-
Simpson Auto Body Repair purchased $20,000 of Machinery. The company paid $8,000 in cash at the time of the purchase and signed a promissory note for the remainder to be paid in four monthly...
Study smarter with the SolutionInn App