Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Having trouble with part B. Any help would be greatly appreciated! A manufacturing company producing medical devices reported $156,800,000 in sales over the last year.

Having trouble with part B. Any help would be greatly appreciated!
image text in transcribed
A manufacturing company producing medical devices reported $156,800,000 in sales over the last year. At the end of the same year. the company had $62,400,000 worth of inventory of ready-to-ship devices. a. Assuming that units in inventory are valued (based on COGS) at $1,600 per unit and are sold for $3,200 per unit, what are the annual inventory turns? The company uses a 29 percent per year cost of inventory. That is, for the hypothetical case that one unit of $1,600 would sit exactly one year in inventory, the company charges its operations division a $464 inventory cost. (Round the answer to 2 decimal places.) Answer is complete and correct. b. What is the per unit inventory cost in $ for a product that costs $1.600 ? (Round Intermedlate calculations and fina Dnswer to 2 declmel pleces.) Q Answer is complete but not entirely correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stage Management

Authors: Lawrence Stern

8th Edition

0205449735, 978-0205449736

More Books

Students also viewed these General Management questions

Question

Did you provide headings that offer structure to the information?

Answered: 1 week ago