Question
A company that produces specialized video equipment had half cost of goods sold last year of RM19.73 million. It has a total end-of-year asset of
A company that produces specialized video equipment had half cost of goods sold last year of RM19.73 million. It has a total end-of-year asset of $13.8 million in 2018 and expected to increase by 19% in 2019. In 2019, the average value of inventory for raw materials, work-inprocess, and finished goods are shown in the table below: Raw Materials RM6.1 million Work-In-Process RM2.5 million Finished Products RM3.7 million Supplement RM4.8 million If the company operates 48 weeks per year then the number of inventory turns, the days of supply in inventory and the percentage invested in inventory in 2019 would be: (3 Marks)
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