Question: Problem Statement (Inventory Performance Measure) To assess the Inventory Performance, the manager of a manufacturer collects data of the average inventory of all SKUs of

Problem Statement (Inventory Performance Measure)

Problem Statement (Inventory Performance Measure) To assess the Inventory Performance, the manager of a manufacturer collects data of the average inventory of all SKUs of the firm and their costs per unit and summarizes the data in the following table. Part # Average Inventory Level Cost ($) / Unit 1 12,500 6 Raw materials N 3,300 3 3 Work-in- 3 4,800 22 progress 4 3,500 37 Finished goods 5 1,500 43 Answer the follow question. The firm's gross sales at cost last year is $3,297,494, and there are 52 weeks in a year. The "Weeks of Supply" of this form is: (Please report your answer with one decimal place.)

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