Jim’s Apparel manufactures dresses for sale at various bouti…
Jim’s Apparel manufactures dresses for sale at various boutiques. Jim’s dresses are popular as Christmas gifts and for summer galas 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 2023 versus 2022 suggesting that inventory is at manageable levels b) Some analysts believe that a close look at the data indicates that there is discounting of apparel prices and difficulty moving merchandise near the end of the year
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