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Find the value of the inventory

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Reference no: EM132652846

Question - Assume Dell's yearly inventory cost is 25 percent to account for the cost of capital for financing the inventory, the warehouse space, and the cost of obsolescence. In other words, Dell incurs a cost of $25 for a $100 component that is in the company's inventory for one entire year. In 2001, Dell's 10-k reports showed that the company had $490 million in inventory and COGS of $29,890 million.

To compute the percentage of cost of the inventory, determine the following:

1. Find the value of the inventory.

2. Find the cost of goods sold.

Reference no: EM132652846

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