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Early in 2014, Lausanne Company switched to a just-in-time inventory system. Its sales, cost of goods sold, and inventory amounts for(1) 2013 and (2)2014 are
Early in 2014, Lausanne Company switched to a just-in-time inventory system. Its sales, cost of goods sold, and inventory amounts for(1) 2013 and (2)2014 are shown below.
(1)2013 (2)2014 Sales CHF(1)3,120,000 CHF(2)3,713,000 Cost of goods sold (1)1,200,000 (2)1,425,000 Beginning inventory (1)180,000 (2)220,000 Ending inventory(1) 220,000 (2)100,000
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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