On the average, a firm has 10 weeks of work-in-process, and annual cost of goods sold is $15 million. Assuming that the company works 50 weeks a year:

a. What is the dollar value of the work-in-process?

b. If the work-in-process could be reduced to 7 weeks and the annual cost of carrying inventory was 20% of the inventory value, what would be the annual saving?

 

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Status NEW Posted 23 May 2017 08:05 AM My Price 9.00

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