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What are total purchase and oversight costs if annual demand is 800,000 units, the purchase price is $2.22, and the management oversight costs to monitor
What are total purchase and oversight costs if annual demand is 800,000 units, the purchase price is $2.22, and the management oversight costs to monitor and expedite the trans-Pacific shipment are $0.17 per unit? Round your answer to the nearest dollar. Andrew Manufacturing held an average inventory of $1.2 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.0 million, and its cost of goods sold was $6.0 million. The firm operates 260 days a year. What is the inventory days' supply? Do not round intermediate calculations. Round your answer to one decimal place. Inventory days' supply (IDS): days What target inventory level is necessary to reach a 30 - and 10-day inventory days' supply during the next two years? Do not round intermediate calculations. Round your answers to the nearest dollar. Target inventory level (30-day): \$ Target inventory level (10-day): \$
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