Question: a) What is the average aggregate inventory value? b) How many weeks of supply does the firm have? c) What was the inventory turnover last

a) What is the average aggregate inventory value?

b) How many weeks of supply does the firm have?

c) What was the inventory turnover last year?

Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $9,048,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. The following table shows last year's average inventory levels for these items, along with their unit values. Part Number Category Raw materials RM-1 RM-2 RM-3 RM-4 WIP-1 WIP-2 FG-1 FG-2 Average Inventory Value per Units Unit 17,000 $1 5,000 $5 2,000 $9 800 $10 3,000 $20 4,000 $24 1,000 $64 500 $88 Work-in- process Finished goods

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