A manufacturing company producing medical devices reported $72,000,000 in sales over the last year. At the end of the same year, the company had $27,000,000 worth of inventory of ready-to-ship devices. a. Assuming that units in inventory are valued (based on COGS) at $900 per unit and are sold for $1,800 per unit, what are the annual inventory turns? The company uses a 20 percent per year cost of inventory. That is, for the hypothetical case that one unit of $900 would sit exactly one year in inventory, the company charges its operations division a $180 inventory cost. (Round the answer to 2 decimal places.) Turns 1.33 per year b. What is the per unit inventory cost in $ for a product that costs $900? (Round intermediate calculations and final answer to 2 decimal places.) Absolute inventory cost

A manufacturing company producing medical devices reported $72,000,000 in sales over the last year. At the end of the same year, the company had $27,000,000 worth of inventory of ready-to-ship devices. a. Assuming that units in inventory are valued (based on COGS) at $900 per unit and are sold for $1,800 per unit, what are the annual inventory turns? The company uses a 20 percent per year cost of inventory. That is, for the hypothetical case that one unit of $900 would sit exactly one year in inventory, the company charges its operations division a $180 inventory cost. (Round the answer to 2 decimal places.) Turns 1.33 per year b. What is the per unit inventory cost in $ for a product that costs $900? (Round intermediate calculations and final answer to 2 decimal places.) Absolute inventory cost

Name: Give me correct answer with explanation.h Q2.3 (Algo) Inventory Cost [
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Description: Give me correct answer with explanation.h Q2.3 (Algo) Inventory Cost [2.4]A manufacturing company producing medical devices reported$72,000,000 in sales over the last year. At the end of the same year, thecompany had $27,000,000 worth of inventory of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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