What was Bob & Weave Company's change in inventory for hair extensions in 2010?
Bob & Weave Company's change in inventory in the year 2010 was 18,000 hair extensions, calculated by subtracting the number of hair extensions sold (32,000) from the total number of manufactured extensions (50,000).
Calculating Inventory Change
Bob & Weave Company specializes in manufacturing hair extensions. In the year 2010, they produced a total of 50,000 hair extensions. However, they were only able to sell 32,000 of these extensions. This leaves us with the task of determining the change in inventory for Bob & Weave Company in 2010.
To calculate the change in inventory, we need to find the difference between the number of hair extensions manufactured and the number of extensions sold. In this case, it is 50,000 (manufactured) - 32,000 (sold) = 18,000 hair extensions. This means that Bob & Weave Company had 18,000 hair extensions left in their inventory at the end of 2010.
This change in inventory figure is crucial for businesses as it indicates the level of stock management and sales efficiency. By understanding how much inventory remains unsold, companies can make informed decisions about production, marketing, and overall business strategies.
In conclusion, Bob & Weave Company's change in inventory for hair extensions in 2010 was 18,000 extensions, highlighting the importance of effective inventory management in the business world.