Sterling, inc. operates 52 weeks per year, and its cost of goods sold last year was $6,500,000.

Question:

Sterling, inc. operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory four raw materials, two work-in- process items, and two finished goods. Table shows last year€™s average inventory levels for these items, along with their unit values.

Sterling, inc. operates 52 weeks per year, and its cost

a. What is the average aggregate inventory value?
b. How many weeks of supply does the firm have?
c. What was the inventory turnover lastyear?

Fantastic news! We've located the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Operations management processes and supply chain

ISBN: 978-0136065760

9th edition

Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra

Question Posted: