On the average, a firm has 10 weeks of work-in-process, and annual cost of goods sold is

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$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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Introduction To Materials Management

ISBN: 9780132337618

6th Edition

Authors: J. R. Tony Arnold, Chapman, Stephen N., Lloyd M. Clive

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Question Posted: Jul 20, 2024 09:00 AM

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On the average, a firm has 10 weeks of work-in-process, and annual cost of goods sold is

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Introduction To Materials Management

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