Early in 2014, Racine Company switched to a just-in-time inventory system.

Its sales, cost of goods sold, and inventory amounts for 2013 and 2014 are shown below.

2013 2014 Sales $3,120,000 $3,713,000 Cost of goods sold 1,200,000 1,425,000 Beginning inventory 180,000 220,000 Ending inventory 220,000 100,000 Determine the inventory turnover and days in inventory for 2013 and 2014. Discuss the changes in the amount of inventory, the inventory turnover and days in inventory, and the amount of sales across the two years.