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What is dollar value of the work-in-process

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Question

On average, a firm has an 8-week lead time for work-in-process, and annual cost of goods sold is $12 million. Assuming that the company works 50 weeks a year:

1. What is the dollar value of the work-in-process?

2. If the lead time would be reduced to 6 weeks, what would be the reduction in WIP?

Reference no: EM133258257

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