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Use the information below to answer the requirements. Work in process inventory Cost of goods sold Current Year $ 115,000 2,027,000 Prior Year $
Use the information below to answer the requirements. Work in process inventory Cost of goods sold Current Year $ 115,000 2,027,000 Prior Year $ 125,000 1,640,000 1. Compute days' sales in work in process inventory for the current year. 2. Compute days' sales in work in process inventory for the prior year. 3. Did days' sales in work in process inventory increase or decrease from the prior year? (For all requirements, round the answers to the nearest whole day and use 365 days in a year.) Answer is not complete. 1. Days' sales in work in process inventory for the current year 2. Days' sales in work in process inventory for the prior year 27 x days days 3. Did days' sales in work in process inventory increase or decrease from the prior year? Decrease
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