Problem 2 The Enis Furniture Company located in Boise Idaho manufactures coffee tables and chests of drawers. Last year the company's cost of goods sold was $3,650,000, and it carried inventory of oak, pine, stains, joiners, and brass fixtures, work-in-process of furniture frames, drawers and wood panels, and finished chests and coffee tables. Its average inventory levels for a 52-week business year were as follows. RAW MATERIALS AVERAGE UNIT Oak 8.000 $8.00 Pine 4,500 $5.00 Brass fixtures 1,200 $7.00 Stains 3,000 $3.00 Joiners 900 $1.00 200 WORK-IN-PROCESS Frames Drawers Panels Chests Tables 400 600 120 90 $35 15 55 120 100 FINISHED GOODS Chests Coffee tables 300 200 $600 450 Problem 2 The Enis Furniture Company located in Boise Idaho manufactures coffee tables and chests of drawers. Last year the company's cost of goods sold was $3,650,000, and it carried inventory of oak, pine, stains, joiners, and brass fixtures, work-in-process of furniture frames, drawers and wood panels, and finished chests and coffee tables. Its average inventory levels for a 52-week business year were as follows. RAW MATERIALS AVERAGE UNIT Oak 8.000 $8.00 Pine 4,500 $5.00 Brass fixtures 1,200 $7.00 Stains 3,000 $3.00 Joiners 900 $1.00 200 WORK-IN-PROCESS Frames Drawers Panels Chests Tables 400 600 120 90 $35 15 55 120 100 FINISHED GOODS Chests Coffee tables 300 200 $600 450