Question: Having trouble with part B. Any help would be greatly appreciated! A manufacturing company producing medical devices reported $156,800,000 in sales over the last year.

Having trouble with part B. Any help would be greatly appreciated!
Having trouble with part B. Any help would be greatly appreciated! A

A manufacturing company producing medical devices reported $156,800,000 in sales over the last year. At the end of the same year. the company had $62,400,000 worth of inventory of ready-to-ship devices. a. Assuming that units in inventory are valued (based on COGS) at $1,600 per unit and are sold for $3,200 per unit, what are the annual inventory turns? The company uses a 29 percent per year cost of inventory. That is, for the hypothetical case that one unit of $1,600 would sit exactly one year in inventory, the company charges its operations division a $464 inventory cost. (Round the answer to 2 decimal places.) Answer is complete and correct. b. What is the per unit inventory cost in $ for a product that costs $1.600 ? (Round Intermedlate calculations and fina Dnswer to 2 declmel pleces.) Q Answer is complete but not entirely correct

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