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etermine the number of inventory turns and the days of supply e furniture company.

etermine the number of inventory turns and the days of supply e furniture company.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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10.3. The Ashton Furniture Company manufactures coffee tables and chests of drawers. Last year the company's cost of goods sold was $3,700,000, and it carried inventory of oak, pine, stains, joiners, and brass fixtures, work-in-process of furniture frames, drawers and wood panels, and finished chests and coffee tables. Its average inventory levels for a 52-week business year were as follows: Raw Materials Average Inventory Unit Cost Oak 8000 $6.00 Pine 4500 4.00
Transcribed Image Text:10.3. The Ashton Furniture Company manufactures coffee tables and chests of drawers. Last year the company's cost of goods sold was $3,700,000, and it carried inventory of oak, pine, stains, joiners, and brass fixtures, work-in-process of furniture frames, drawers and wood panels, and finished chests and coffee tables. Its average inventory levels for a 52-week business year were as follows: Raw Materials Average Inventory Unit Cost Oak 8000 $6.00 Pine 4500 4.00
Brass fixtures 1200 8.00 Stains 3000 2.00 Joiners 900 1.00 Work-in-Process Frames 200 $30 Drawers 400 10 Panels 600 50 Chests 120 110 Tables 90 90 Finished Goods 300 $500 Chests 200 350 Coffee tables Determine the number of inventory turns and the days of supply for the furniture company.
Transcribed Image Text:Brass fixtures 1200 8.00 Stains 3000 2.00 Joiners 900 1.00 Work-in-Process Frames 200 $30 Drawers 400 10 Panels 600 50 Chests 120 110 Tables 90 90 Finished Goods 300 $500 Chests 200 350 Coffee tables Determine the number of inventory turns and the days of supply for the furniture company.
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