Express total inventory as weeks of supply

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Reference no: EM131441526

Jack? Jones, the materials manager at Precision? Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows that the inventory investment for raw materials is $3,370,700?, for? work-in-process is $6,530,000?, and for finished goods is $2,807,000. This? year's cost of goods sold will be about $32,760,000. Assume that there are 52 business weeks per year.

a. Express total inventory as weeks of supply.

The weeks of supply is ?? weeks. ?(Enter your response rounded to one decimal place.?)

Reference no: EM131441526

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