What would the company ending inventory

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Company X had a COGS of 6,000,000 in the 4th quarter of 2016. On January 1st of 2017 it held $1,000,000 in inventory. Due to escalating demand a company expects COGS to increase 15% each quarter over the next year. The company turned its inventory 24 times in 2016 and the Supply Chain manager has set a goal of 36 turns in 2017. Assuming the COGS increase rate was correct, what would the company's ending inventory on Dec. 31st need to be to hit the managers goal?

Reference no: EM131680792

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