Note 3 to the 2013 financial statements of Willamette Valley Vineyards reports that Inventories consist of the following: Please show process to acquire answers
						2013			2012
	Winemaking and packaging materials					$732,909			$454,612
	Work-in-process					4,099,224			3,891,754
	Finished goods					5,001,179			4,880,518
	Total inventories					$9,833,312			$9,226,884
The company reported cost of goods sold of $5,588,439 in 2013 and $5,253,336 in 2012. Compute average inventory days outstanding for both years. What does this ratio mean? Interpret the ratios.