Question: Bragg Johnson, materials manager at Johnson& Sons, has determined that a certain product experienced 3.8 turns last year, with an annual sales volume (at cost)

Bragg Johnson, materials manager at Johnson& Sons, has determined that a certain product experienced 3.8 turns last year, with an annual sales volume (at cost) of $975,000. What was the average inventory value for this product last year? What would be the average inventory level if inventory turns could be increased to 6.0?

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