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Number of units sold: 160,000 units average inventory: 5,000 units revenues: $700,000 cost of good...

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Accounting

Number of units sold: 160,000 units

average inventory: 5,000 units

revenues: $700,000

cost of good sold: $350,000

cost of capital: 15%/year

warehousing cost: 0.5/unit/month

Assume one year equals 12 months equals 365 days.

What is the Turnover?

How many days of supply?

Total holding cost of inventory?

Inventory holding cost per unit sold?

Could you explain with formula used?

Answer & Explanation Solved by verified expert
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