Question: Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $13,312,000. The firm carries eight items in inventory: four

Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $13,312,000.

The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. The following table shows last year's average inventory levels for these items, along with their unit values.

Part Number Average Inventory Units Value per Unit RM-1 19,000 $1 RM-2 5,000 $5 RM-3 2,000 $9 RM-4 800 $10 WIP-1 3,000 $20 WIP-2 4,000 $24 FG-1 1,000 $55 FG-2 500 $88

What is the average aggregate inventory value? (enter as integer)

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