What would its ending inventory

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Reference no: EM132271284

A company’s Cost of Goods Sold (COGS) for the 4th quarter of 2018 was $2,500,000. On October 1st the company held $1,000,000 in inventory and on December 31st it held $920,000. Assume that quarterly COGS were projected to stay constant (i.e. $2,500,000 every quarter)through the first 2 quarters of 2019. and that the company wanted to turn its inventory once a month in 2019 (i.e. get 6 turns in the 1st 2 quarters of 2019). What would its ending inventory on June 30th need to be to achieve this?

Reference no: EM132271284

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