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Raw Materials Average Inventory Unit Cost 1 7200 $8.50 4500 7.20 3200 15.40 4800 13.70 6900 10.50 Work-in-Process A Average Inventory Unit Cost $16,200 13,500 100 B 70 C 60 6,100 D 35 14,400 Finished Goods Model X 20 $78,700 Model Y 10 65,300 86,000 Model Z 10 234 5

Raw Materials Average Inventory Unit Cost 1 7200 $8.50 4500 7.20 3200 15.40 4800 13.70 6900 10.50 Work-in-Process A Average Inventory Unit Cost $16,200 13,500 100 B 70 C 60 6,100 D 35 14,400 Finished Goods Model X 20 $78,700 Model Y 10 65,300 86,000 Model Z 10 234 5

FINANCIAL ACCOUNTING
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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Question

House Max Builders constructs modular homes, and last
year their cost of goods sold was $18,500,000. It operates

50 weeks per year. The company has the following inven-
tory of raw materials, work-in-process, and finished goods.Determine the number of inventory turns and the days of
supply for House Max.

Raw Materials Average Inventory Unit Cost 1 7200 $8.50 4500 7.20 3200 15.40 4800 13.70 6900 10.50 Work-in-Process A Average Inventory Unit Cost $16,200 13,500 100 B 70 C 60 6,100 D 35 14,400 Finished Goods Model X 20 $78,700 Model Y 10 65,300 86,000 Model Z 10 234 5
Transcribed Image Text:Raw Materials Average Inventory Unit Cost 1 7200 $8.50 4500 7.20 3200 15.40 4800 13.70 6900 10.50 Work-in-Process A Average Inventory Unit Cost $16,200 13,500 100 B 70 C 60 6,100 D 35 14,400 Finished Goods Model X 20 $78,700 Model Y 10 65,300 86,000 Model Z 10 234 5
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