1. One product line at Spearman Fishing Industries has 10 turns per year and an annual sales volume (at cost) of $985,000. How much inventory is being held, on average? 2. The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials are needed. The current inventory levels are $2,470,000 and $1,566,000, respectively. In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about $48 million. Express total inventory as
1. One product line at Spearman Fishing Industries has 10 turns per year and an annual sales volume (at cost) of $985,000. How much inventory is being held, on average? 2. The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials are needed. The current inventory levels are $2,470,000 and $1,566,000, respectively. In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about $48 million. Express total inventory as a. Weeks of supply
b. Inventory turns
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