Beginning inventory, purchases, and sales for item hm46 are as follows:

may 1 inventory 45 units @ $19
9 sale 32 units
13 purchase 43 units @ $22
28 sale 22 units
assuming a perpetual inventory system and using the first-in, first-out (fifo) method, determine (a) the cost of merchandise sold on may 28 and (b) the inventory on may 31.

a. cost of merchandise sold on may 28 $
b. inventory on may 31 $

Mattress wholesalers, inc. is constantly trying to reduce inventory in its supply chain. last year, cogs was $7.47 million and inventory was $1.47 million. this year, cogs is $8.65 million and inventory investment is $1.64 million.a) what was its weeks of supply last ) what is its weeks of supply this ) is mattress wholesalers making progress in its inventory reduction effort? since the number of weeks that cover the supply has mattress wholesalers is making in its inventory reduction effort.