During 2020 Carne Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2021. Nolan then used the inventory as collateral to borrow from Norwalk Bank, remitting the proceeds to Carne. In 2021 when Carne repurchased the inventory, Nolan used the proceeds to repay its bank loan. This transaction is known as a(n) assignment for the benefit of creditors. product financing arrangement. installment sale. consignment.

Sapphire aerospace operates 52 weeks per year, and its cost of goods sold last year was $7 comma 540 comma 0007,540,000. the firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. the following table shows last year's average inventory levels for these items, along with their unit values. category part number average inventory units value per unit raw materials rm-1 15 comma 00015,000 $1 rm-2 5,000 $5 rm-3 2,000 $9 rm-4 800 $10 work-in- process wip-1 3,000 $20 wip-2 4,000 $24 finished goods fg-1 1,000 $5656 fg-2 500 $88 a. what is the average aggregate inventory value? $nothing. (enter your response as an integer.)