Question: Problem 4 Hubble homes constructs modular homes, and last year their cost of goods sold was $22,500,000. It operates 52 weeks per year. The company

 Problem 4 Hubble homes constructs modular homes, and last year their

Problem 4 Hubble homes constructs modular homes, and last year their cost of goods sold was $22,500,000. It operates 52 weeks per year. The company has the following inventory of raw materials, work-in-process, and finished goods. RAW MATERIALS AVERAGE 1 8000 $ 2 5000 $ 3 4200 $ 4 5,300 $ 5 8,500 $ UNIT 8.50 7.20 15.40 16.00 17.25 WORK-IN-PROCESS A B D 125 80 59 45 $ $ $ $ 14,000 12,555 16,800 15,000 FINISHED GOODS Model good Model better Model best 18 $ 8 $ 6 $ 99,000 110,000 125,000 Determine the number of inventory turns and the days of supply for Hubble Homes

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!