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Lance Glasses is an eyewear manufacturer that featured on Kickstarter. The company reported $180,000,000 in revenues for 2021 and $45,000,000 in Cost of Goods Sold
Lance Glasses is an eyewear manufacturer that featured on Kickstarter. The company reported $180,000,000 in revenues for 2021 and $45,000,000 in Cost of Goods Sold (COGS). In the same year, the company held an average of $12,000,000 in inventory. Q6. What is the average inventory turns for Lance Glasses in 2021? 3.75 Q7. If the annual inventory holding cost for Lance Glasses in 2020 is 55%, what is the per unit inventory cost ($) for a pair of glasses that cost $100
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