Question: Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.2 turns last year, with an annual sales volume (at

Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.2 turns last year, with an annual sales volume (at cost) of $979,000. 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 6.0? Round your answer to the nearest dollar.

$ ________

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