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 of dyed cloth. The average inventory amounts on hand at any one time last year and the unit costs are as follows.

The company operates 50 weeks per year, and its cost of goods sold for the past year was $17.5 million. Determine the company’s inventory turns and weeks ofsupply.

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Raw Materials Cotton Dye Work-in-Process Lapped cotton Spun yarn Undyed cloth Average InventoryUnit Cost 70,000 lb. 125,000 gal $2.75 5.00 2000 rolls 5000 spools 500 rolls $10.50 6.75 26.10 Grade 1 cloth Grade 2 cloth Grade 3 cloth 250 rolls 190 rolls 310 rolls $65.00 80.00 105.00