need requirement 3 please

Score: 2.75 of 5 pts TIAT 18-1 Trying It All Together (book) Winnebago Industries, Inc. is a leading manufacturer of recreat competitor, has an average cost of goods Read the requirements 32 of 32 (32 complete) HW Score: 97.32%, 81.75 of 84 pts | Assigned Media l -E Question Help * I ional vehicles (RVs), including motorized and towable products. The company designs, develops, manufactures, and markets RVs as well as supporting products and mers through a dealer network. On the August 29, 2015, balance sheet, Winnebago reported inventory of approximately $112 million. Of this amount, approximately $12 million, about 11%, was y (Notes to Consolidated Financial Statements, Note 3). Suppose Winnebago motor homes have an average sales price of 00 and cost of goods sold is 89% of sales. Tho Industries Inc a ma s96 sold of 86% of sales. For year ending August 29, 2015, Winnebago sold 9097 motor homes Form 10K Item 1 Business) vvirineoago Inventory. As soon as RVs are complete, Winnebago will want to sell them to the ce manuractures tne kvs ana inen seils tnem to aeaiersips T or resave 10 consumers. ine company ooes not owr or operaie oeaersnips. inererore winnepago nas a reiaivery smau porion oT FInisne G0oos B. A large portion C. Winnebago of Winnebago's business involves servicing RVs. Since a large portion of its revenue comes manufactures the RVs and then sells them to consumers from services, there is no need for the company to carry a large quantity of inventory s. Motor vehicle manufacturers are known for offering significant sales price reductions at year end to clear their lots of older models, making room for newer models coming out in the following year D. Having a relavitely small portion of total inventory is common among manufacturing companies across the board Requirement 2. What t is the average cost of goods old (in dollars) for a Winnebago motor home? What is the average gross profit? Start by calculating the average cost of goods sold (in dollars) for a Winnebago motor home Average sales price Cost of goods sold % Average Cost of Goods Sold 89 85,440 Now determine the average gross profit for a motor home Average sales price Average Cost of Goods Sold- Average gross profit 96,000 10,560 Requirement 3. If Winnebago could reduce production costs so that the average cost of goods sold is equal to their competitor's average cost of goods sold, how much more profit would Winnebago earn on each motor home sold? If Winnebago could reduce production costs so that the average cost of goods sold is equal to their average cost of goods sold, Winnebago would earn an additional $ Enter any number in the edit fields and then click Check Answer of gross profit on each motor home sold Check Answer Clear All parts remaining 5:43 PM 8/22/2017