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A small business financial data show that its inventory level of an item held steady at 1 0 0 0 units during the first 9
A small business financial data show that its inventory level of an item held steady at units during the first months of the year. Sales accelerated during the last quarter in time for Christmas shopping, ending the year with only units left in stock. The company estimates the total inventory cost at $ per unit per day. It sells the item at $ per unit, a markup of over cost. Assess the companys inventory situation based on a simple inventory average based on starting and ending levels, and b the actual inventory average.
Please Explain, calculate and find answer detailly step by step because I want to understand how calculate this type of exercises. And please dont put answers of other experts which answered this question before I asked you.
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