Early in 2022, Yeng Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2021 and 2022 are shown below.

Determine the inventory turnover and days in inventory for 2021 and 2022. Discuss the changes in the amount of inventory, the inventory turnover and days in inventory, and the amount of sales across the two years.

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Sales revenue Cost of goods sold Beginning inventory Ending inventory 2021 $3,120,000 1,200,000 180,000 220,000 2022 $3,713,000 1,425,000 220,000 100,000