The cost of goods sold by a company last year was $3,410,000 and that company works 52 weeks a year. There are 7 items in your inventory: 3 of them are raw materials, 2 are works in process and the other two are finished goods. The table indicates what the average inventory level was for each item last year and its respective value. to. What is the average value of aggregate inventory? b. How many weeks of supply does this company maintain in its inventory? c. What was the inventory turnover during the year?

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Inventory Analysis for the Company a Average Value of Aggregate Inventory We need the total value of each inventory type by multiplying the average in... View the full answer