16-Screen t Custom View SmartBook xCh7-b C O ezto.mheducation.com/hm.tpx?0.10255

Question

16-Screen t Custom View SmartBook xCh7-b C O ezto.mheducation.com/hm.tpx?0.10255902738297995 1515864155984 Problem 7-2 The following table contains data about the inventory for five tems at Jones Corporation Complete the missing items in the table (Round your inventory turnover values to 3 decimal places) inning Unit Ending Unit Average Unit Annual Unit Inventory 360,000 61,000 106,000 410 000 1,000 nventoryI 330,000 81,000 118,000 380,000 81.000 610,000 101,000 400,000 560.000 270 000 qi > Saturday References ab lock shitt

Explanation / Answer

Please find below the filled up table as required:

Item

Beginning Unit Inventory

Ending unit inventory

Average unit inventory

Average unit sales

Inventory turnover

1

360000

330000

345000

610000

1.77

2

61000

81000

71000

101000

1.42

3

106000

118000

112000

400000

3.57

4

410000

380000

395000

560000

1.42

5

71000

81000

76000

270000

3.55

Total

1008000

990000

999000

1941000

11.73

Please note:

Average unit Inventory =    ( Beginning Inventory + Ending Inventory ) / 2

Inventory turnover = Average unit sales / Average unit inventory

Item

Beginning Unit Inventory

Ending unit inventory

Average unit inventory

Average unit sales

Inventory turnover

1

360000

330000

345000

610000

1.77

2

61000

81000

71000

101000

1.42

3

106000

118000

112000

400000

3.57

4

410000

380000

395000

560000

1.42

5

71000

81000

76000

270000

3.55

Total

1008000

990000

999000

1941000

11.73

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