Question: Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.6 turns last year, with an annual sales volume (at

Bragg Johnson, materials manager at Johnson &

Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.6 turns last year, with an annual sales volume (at cost) of $964,000. What was the average inventory value for this product last year? Round your answer to the nearest dollar. $ What would be the average inventory level if inventory turns could be increased to 6.3? Round your answer to the nearest dollar. $

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