7. D weeks per year, express total inventory as a. Weeks of supply b. Inventory turns 4. One product line at Spearman Fishing Industries has 10 turns per year and an annual sales volume (at cost) of $985,000. How much inventory is being held on average? 5. The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its special ized manufacturing process, considerable work-in- process and raw materials are needed. The current inventory levels are $2.470,000 and $1,566,000, respectively. In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about $48 million. Express total inventory as a. Weeks of supply b. Inventory turns 6. The following data were collected for a retailer: 8. D TABLE Categor Cost of goods sold Raw mat Gross profit Operating costs Operating profit Total inventory $3,500,000 $700,000 $500,000 $200.000 $1.200.000 $750,000 $300.000 Work-in- Fixed ansets Long-term debit Finished Value per TABLE 12.4 INVENTORY DATA FOR DOGS-R-US AND K-9, INC. STOI DOGS-R-US Cost of Goods Sold $560,000.00 Category Average Inventory in Units Dog Beds 200 $55.0 Dog Bones & Treats 1.200 Pet Feeders 50 Flea & Tick $7.5 Dog Kennels 10 $25 $125 350