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Average raw materials and stores purchase on credit and consumed per day 10 Average WIP value of raw materials committed per day 12.5 Average cost
Average raw materials and stores purchase on credit and consumed per day 10 Average WIP value of raw materials committed per day 12.5 Average cost of goods sold per day 18 Average sales per day 20 You are required to calculate: (i) Duration of raw material stage (ii) Duration of WIP stage (iii) Duration of Finished goods stage (iv) Duration of accounts receivable stage (v) Duration of accounts payable stage, and (vi) Duration of operating cycle
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