Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

House Max Builders constructs modular homes, and last year their cost of goods sold was $18,500,000. It operates 50 weeks per year. The company has

House Max Builders constructs modular homes, and last year their cost of goods sold was $18,500,000. It operates 50 weeks per year. The company has the following inventory of raw materials, work-in-process, and finished goods.

image text in transcribed

Raw Materials 1 Average Inventory 7,700 4,700 3,000 4,600 6,600 Unit Cost $8.50 6.60 2 3 16.00 4 13.00 5 10.60 Work-in-Process Average Inventory 130 80 A B Unit Cost $17,000 14,000 6,100 14,300 60 D 25 Average Inventory 24 Unit Cost Finished Goods Model X Model Y Model z 9 $76,700 65,500 85,200 12 Determine the number of inventory turns and the days of supply for the House Max. (Round answers to 2 decimal places, e.g. 52.52. Use 365 days for calculation.) Number of inventory turns Days of supply

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_2

Step: 3

blur-text-image_3

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

Make It Complete A Guide Of Knowledge Advice And Tips For Internal Audit And Compliance

Authors: Mónica Ramírez Chimal

1st Edition

6202304456, 978-6202304450

More Books

Students also viewed these Accounting questions