A E F 1 Inventory Performance Measures 2 3 4 A firm's cost of goods sold last year was $4,410,000, and the firm operates 50 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year's average inventory level for each item, along with its value. 5 6 7 8 9 Category Part Number Average Level Unit value Inventory Value 10 Raw materials 1 15000 $2.5 11 2 2500 $5.0 12 3. 3000 $1.0 13 Work-in-process 4 5000 $13.0 14 5 4000 $18.0 15 Finished goods 6 2000 $48.0 16 7 1000 $70.0 17 18 a. What is the average aggregate inventory value? (3 points) 20 b. How many weeks of supply does the firm maintain? (10 points) 21 What was the Inventory turnover last year? (7 points) 22 23 24 25 Please mention all your answers below. To receive the full points, the yellow cells below should include the right formulas, not just final numbers. 26 27 a. 28 b. 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Sheet1 G H K L M N P Q