What are their weeks of supply

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Reference no: EM133921548

Problem

Noah Elvah Lott, the materials manager at Imprecision Enterprises, is beginning to collect information for use in reducing inventory costs. A recent accounting statement shows the following: Average inventory investment: raw materials: $3,100,000 work-in-progress: $5,300,000 finished goods: $2,400,000. Capital investment: $10,000,000 Annual labor cost: $5,000,000 Average cycle time: 2 weeks This year's cost of goods sold will be about $32,000,000 and the expected net profit is 6%. Get the instant assignment help. Assuming that Imprecision Enterprises works 50 weeks per year: What are their weeks of supply?

Reference no: EM133921548

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