Question: 6. The table below presents data for COGS and ending inventory for the first 6 months of 2015 for AndyCo, Inc. Each month has 30

6. The table below presents data for COGS and ending inventory for the first 6 months of 2015 for AndyCo, Inc. Each month has 30 days. DEC JAN FEB MAR APR MAY JUNE COGS 100 40 50 62 62 Ending inventory a. Calculate the number of days of COGS held in inventory for March, April, May, and June. Use quarterly COGS to calculate average daily COGS b. Discuss your findings in part a. What is happening with AndyCo's investment in inventory? Below is a purchasing schedule and a schedule showing the dollar amount of those purchases remaining as an inventory balance for successive months. Calculate a balance-fraction matrix and discuss what it shows about the firm's management of its inventory balance. ENDING INVENTORY BALANCES MAY APR JUNE PURCHASES FEB June NA End-of-Month Inventory

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