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.

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?

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STERLING INVENTORY ITEMS Part Number RM-1 RM-2 RM-3 RM-4 Value per Unit $1 Category Average Inventory Units 20,000 5.000 3,000 1,000 6,000 8,000 1,000 Raw materials Work-in-process WIP-1 WIP-2 FG 1 FG-2 10 12 65 Finished goods 500