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A manufacturing company producing medical devices reported $109 million in sales over the last year. At the end of the same year, the company had
A manufacturing company producing medical devices reported $109 million in sales over the last year. At the end of the same year, the company had $33 million worth of inventory of ready-to-ship devices. The company's annual inventory holding cost percentage is 14.02% (which includes the cost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Assuming that units in inventory are valued (based on cost of goods sold) at $1105 per unit and are sold for $1899 per unit. Round your answer to 3 digits after the decimal point. Do NOT use comma in your numeric answers. The markup of the medical devices is %. The Cost Of Goods Sold (COGS) amounts to million dollars. On average the company has months-of-supply of inventory. The inventory turnover is times per year. The annual inventory holding cost of a unit is $ The inventory holding cost of a unit is $
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