Week of supply and inventory turns

The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials are needed. The current inventory levels are $2,470,000 and $1,566,000, respectively. In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about 48 million.

Express total inventory as:
a) Weeks of supply
b) Inventory turns

Solution Summary

Solution express total inventory as:
a) Weeks of supply
b) Inventory turns