Problem 3 Gann Mills manufactures denim cloth from two primary raw materials, cotton and dye. Work-in-process includes lapped cotton, spun yarn, and undyed cloth, while finished goods includes three grades of dyed cloth. The average inventory amounts on hand at any one time last year and the unit costs are as follows. RAW MATERIALS Cotton Dye AVERAGE 80,000 150,000 UNIT $2.80 $6.50 WORK-IN-PROCESS Lapped cotton Spun yarn Undyed cloth 3000 7000 1020 $12 7.25 32 FINISHED GOODS Grade 1 cloth Grade 2 cloth Grade 3 cloth 400 310 120 $75 $95 125 The company operates 50 weeks per year, and its cost of goods sold for the past year was $17.5 million. Determine the company's inventory turns and weeks of supply