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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
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 following inventory of raw materials Cost of Goods Sold 18,500,000.00 Raw Materials I 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 A 100 $16,200.00 B 70 $13,500.00 C 60 $6,100.00 D 35 $14,400.00 Finished Goods Model X 20 $78,700.00 Model Y 10 $65,300.00 Model Z 10 $86.000.00 Determine the number of inventory turns (3marks) and the days of supply for Max House Builders (3marks). Explain what can Max House builder do with the information? (4marks) Show your Calculations NOTE: You are welcome to use excel spreadsheet to show your calculations.
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