Jim’s Apparel manufacturers dresses for sale at various bout…
Jim’s Apparel manufacturers dresses for sale at various boutiques. Jim’s dresses are popular Christmas gifts and also sell well in April during the Easter season. Summary Data FY end Dec 2023 FY Dec 2022 Sales 1420 1395 Cost of Goods Sold 1120 1075 Gross profit 298 320 Inventory 140 136 Finished Goods 125 96 Raw material and work in process 15 40 Which of the below opinions are most consistent with your own view a) Some analysts say that there is no increase in (inventory/Cost of goods sold) at the end of 2022 versus 2023 suggesting that inventory is at manageable levels b) Some analysts believe that there is discounting of sales prices and difficulty moving merchandise near the end of the year