Problem 1 (70 peints total) (chapter 12) Rick Krest is the materials reduce inve

Question

Problem 1 (70 peints total) (chapter 12) Rick Krest is the materials reduce inventories. A recent statement shows the following inventories: raw in-process, S6,432,000; and finished goods, $3,587,200. This year's cost of goods sold million. Assume 52 business weeks per year. Answer following questions: manager at Spence Electric in Muncie, Indiana Dave is looking for ways to materials, $5,127,400; work- will be about $34,7 wi 1A. What is the raw material inventory 10 points (two decimal places) (expressed in dollars) answer 1B. What is work in process inventory 10 points (two decimal places) ( expressed in dollars) answer IC. What is the finished goods inventory 10 points (two decimal places) (expressed in dollars) answer ID. Average aggregate inventory value is 10 points (two decimal places) (expressed in dollars) answer answer IE. Weekly sales is 10 points (two decimal places) answer 3 IF. Express total inventory as weeks of supply 10 points (two decimal places) 1G. Express total inventory as Inventory turns. 10 points (two decimal places) answer Use space below and next page to show work, guesses do not count

Explanation / Answer

Problem 1 (70 peints total) (chapter 12) Rick Krest is the materials reduce inventories. A recent statement shows the following inventories: raw in-process, S6,432,000; and finished goods, $3,587,200. This year's cost of goods sold million. Assume 52 business weeks per year. Answer following questions: manager at Spence Electric in Muncie, Indiana Dave is looking for ways to materials, $5,127,400; work- will be about $34,7 wi 1A. What is the raw material inventory 10 points (two decimal places) (expressed in dollars) answer 1B. What is work in process inventory 10 points (two decimal places) ( expressed in dollars) answer IC. What is the finished goods inventory 10 points (two decimal places) (expressed in dollars) answer ID. Average aggregate inventory value is 10 points (two decimal places) (expressed in dollars) answer answer IE. Weekly sales is 10 points (two decimal places) answer 3 IF. Express total inventory as weeks of supply 10 points (two decimal places) 1G. Express total inventory as Inventory turns. 10 points (two decimal places) answer Use space below and next page to show work, guesses do not count

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.