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Cost of goods sold 18,500,000.00 Raw Materials Average Inventory Unit Cost 1 7,200 $8.50 2 4,500 $7.20 3 3,200 $15.40 4 4,800 $13.70 5 6,900
Cost of goods sold | 18,500,000.00 | ||
Raw Materials | |||
Average Inventory | Unit Cost | ||
1 | 7,200 | $8.50 | |
2 | 4,500 | $7.20 | |
3 | 3,200 | $15.40 | |
4 | 4,800 | $13.70 | |
5 | 6,900 | $10.50 | |
Work-in-Progress | |||
100 | $16,200.00 | ||
70 | $13,500.00 | ||
60 | $6,100.00 | ||
35 | $14,400.00 | ||
Finished Goods | |||
Model X | 20 | $78,700.00 | |
Model Y | 10 | $65.300.00 | |
Model Z | 10 | $86.000.00 | |
Max House Builders
Max House Builders builds modular homes.
Last year its cost of goods sold was 18.5 million.
It operates 50 weeks per year
The company has the above inventory of raw materials
Determine the number of inventories turns and the days of supply for Max
House Builders
Explain what can Max Housebuilder do with the information?
Show your Calculations
NOTE: You are welcome to use an excel spreadsheet to show your calculations.
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