Question: Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $11,908,000. The firm carries eight items in inventory: four

Sapphire Aerospace operates 52 weeks per year,

Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $11,908,000. 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. Category Raw materials Part Number RM-1 RM-2 RM-3 RM-4 WIP-1 WIP-2 FG-1 FG-2 Average Inventory Value per Units Unit 23,000 $1 5,000 $5 2.000 $9 800 $10 3,000 $20 4,000 $24 1,000 $58 500 $88 Work-in- process Finished goods a. What is the average aggregate inventory value? $ (Enter your response as an integer.)

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