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The following table contains data about the inventory at Jones Corporation for the fiscal year that just ended. table [ [ Beginning Unit Inventory,Ending
The following table contains data about the inventory at Jones Corporation for the fiscal year that just ended.tableBeginning Unit Inventory,Ending Unit Inventory,Item Unit Cost,Annual Unit Sales$
a Compute the average unit inventory for the fiscal year. Then compute inventory
turnover using dollar values of annual sales and average inventory.
b Suppose Jones Corporation determined that its annual inventory holding cost of
inventory value. Compute the average inventory holding cost.
c Suppose Jones Corporation believes that in the upcoming year, the rate of sales
expected is units per week. Compute the weeks of supply. Which unit inventory
should you use for weeks of supply? Why?
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