Suppose General Motors buys $50 million worth of tires from Goodyear in November

Question

Suppose General Motors buys $50 million worth of tires from Goodyear in November of 2006 for use in its Saturn line of cars. Of these tires, $20 million are put into car that are sold to consumers in December at 2006, and $10 million are put into cars that are produced in December but will not be sold to consumers until February of 2007. The remaining $20 million will be put into cars manufactured and sold in 2007. Describe how each of these tire-related transactions enters into inventory investment calculations in 2006 and 2007.

Explanation / Answer

please give the format of the inventory that u wish to make

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