Question: already post this and received the wring answer. please read it CAREFULLY. Andrew Manufacturing held an average inventory of $1.4 million (raw materials, work-in-process, finished
Andrew Manufacturing held an average inventory of $1.4 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.4 million, and its cost of goods sold was $5.5 million. The firm operates 260 days a year. What is the inventory days' supply? Do not round intermediate calculations. Round your answer to one decimal place. Inventory days' supply (IDS): days What target inventory level is necessary to reach a 25- and 15-day inventory days' supply during the next two years? Do not round intermediate calculations. Round your answers to the nearest dollar. Target inventory level (25-day): \$ Target inventory level (15-day): \$
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
