Below is data on COGS and ending inventory for the first 6 months of 2015...
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Below is data on COGS and ending inventory for the first 6 months of 2015 for Wynn Manufacturing, Inc. Each month has 30 days.
7. Below is data on COGS and ending inventory for the first 6 months of 2015 for Wynn Manufacturing, Inc. Each month has 30 days. DEC JAN FEB MAR APR MAY JUNE COGS Ending inventory 1,000 300 1,500 450 2,100 630 2,700 810 3,500 1,050 4.800 1,440 a. Calculate the number of days of COGS held in inventory for March, April, May, and June. Assume quarterly COGS is used to calculate average daily COGS. b. Discuss your findings in part a. What is happening with the firm's investment in inventory
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