Business, 05.05.2020 03:41 laurabwhiddon

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 $4,029,400, for work-in-process is $6,643,000, and for finished goods is $2,994,000. This year's cost of goods sold will be about $18,564,000. Assume that there are 52 business weeks per year. Express the total inventory as weeks of supply.

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Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce...

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