Question: Question content area Part 1 Sapphire Aerospace operates 5 2 weeks per year, and its cost of goods sold last year was $ 8 comma
Question content area
Part
Sapphire Aerospace operates weeks per year, and its cost of goods sold last year was $ comma comma The firm carries eight items in inventory: four raw materials, two workinprocess items, and two finished goods. The following table shows last year's average inventory levels for these items, along with their unit values.
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Category
Part Number
Average Inventory Units
Value per Unit
Raw materials
RM
comma
$
RM
$
RM
$
RM
$
Workin
process
WIP
$
WIP
$
Finished goods
FG
$
FG
$
Part
a What is the average aggregate inventory value? $
Enter your response as an integer.
Part
b How many weeks of supply does the firm have?
enter your response here weeks. Enter your response rounded to one decimal
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