Q 1: Johnson Company had beginning inventory of $1,000,000 and ending inventory of $1,200,000. Johnson has determined inventory carrying cost to be 25%. Johnson's inventory carrying cost was?
Q 2: Suppose demand was 45 units a month and average inventory was 60 units and unit cost is $20. What is the annual inventory turnover?
Q 3: If beginning inventory was $1,000,000, ending inventory was $1,400,000, sales were $10,000,000, and anticipated sales are $50,000 per day, what is the days of supply?