A firm's cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per
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A firm's cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year.
It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year's average inventory level for each item, along with its value.
a. What is the average aggregate inventory value?
b. How many weeks of supply does the firm maintain?
c. What was the inventory turnover last year?
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Related Book For
Operations Management Processes And Supply Chains
ISBN: 9781292409863
13th Global Edition
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
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