What is the reduction in work-in-process value

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A firm has redesigned its production process so that it now takes 8 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes two unit each hour on average and each unit is worth $2,000.

 

What is the reduction in work-in-process value?

 

 

Reference no: EM13305788

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