Receiving materials to completing the product-the flow time

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Reference no: EM131275830

A production process in a firm takes 15 hours to make a product (from receiving materials to completing the product - the flow time or the throughput time). If the process completes one unit per hour on average (throughput rate), and each unit is worth $1,500 (an average value, from material input to finished good), what is the work-in-process value (in dollars)?

Reference no: EM131275830

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