Barrington Mills Manufactures denim cloth from two primary raw materials, cotton and dye. Work-in-process includes lapped cotton, spun yarn, and undyed cloth, while finished goods includes three grades of dyed cloth. The average inventory amounts and units costs on hand at any given time are as follow
Raw Materials Inventory Levels Unit Costs
Cotton 70,000 lbs $2.75
Dye 125,000 gal $5.00
Work-in-Process
Lapped Cotton 2,000 rolls $10.50
Spun Yarn 5,000 spools $6.75
Undyed Cloth 500 rolls $26.10
Finished Goods Grade 1 Cloth 250 rolls $65.00
Grade 2 Cloth 190 rolls $80.00 Grade 3 Cloth 310 rolls $105.00The company operates 50 weeks per year and its cost of goods sold for the year was $17.5 million. Determine the company's weeks of supply.
(A) 20.21 (B) 19.43 (C) 9.09 (D) 22.54
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