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For the prior year, a company reported days' sales in work in process inventory of 37 days. This year, the company adopted lean manufacturing
For the prior year, a company reported days' sales in work in process inventory of 37 days. This year, the company adopted lean manufacturing techniques, and it reports the information below. Work in process inventory Cost of goods sold This Year $ 4,647 80,600 Note: Round to the nearest whole day and use 365 days in a year. 1. Compute days' sales in work in process inventory for this year 2. Did days' sales in work in process inventory decrease from the prior year? days
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