Answered step by step
Verified Expert Solution
Question
1 Approved Answer
House Max Builders constructs modular homes, and last year their cost of goods sold was $19,000,000. It operates 50 weeks per year. The company has
House Max Builders constructs modular homes, and last year their cost of goods sold was $19,000,000. It operates 50 weeks per year. The company has the following inventory of raw materials, work-in-process, and finished goods. Raw Materials 1 Average Inventory 8,000 5,000 3,400 5,300 6,700 Unit Cost $8.90 7.70 2 3 15.10 4 13.50 5 11.00 Work-in-Process Average Inventory 80 75 B Unit Cost $17,400 14,100 6,300 13,700 C 75 D 25 Finished Goods Model X Model Y Average Inventory 21 Unit Cost $79,200 68,900 87,900 10 Model z 10 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.) 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 2.79 Days of supply 125.43
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started