Company x had a cogs of 6000000 in the 4th quarter of 2016, Ask an Expert

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Company X had a COGS of 6,000,000 in the 4th quarter of 2016. On January 1st of 2017 it held $1,000,000 in inventory. Due to escalating demand a company expects COGS to increase 15% each quarter over the next year. The company turned its inventory 24 times in 2016 and the Supply Chain manager has set a goal of 36 turns in 2017. Assuming the COGS increase rate was correct, what would the company's ending inventory on Dec. 31st need to be to hit the managers goal?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92489492

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