Business, 19.10.2021 14:00 wshemekia3oyliv4

The year-end financial statement of Wando's Vineyards reported Net revenues of $19,425,412 and Cost of goods sold of $7,204,884 in year 2. Note 3 to the financial statements reported that Inventories consisted of: Year 2 Year 1
Winemaking and packaging materials $654,269 $552,234
Work-in-process 5,307,211 4,846,961
Finished goods 3,615,045 3,106,775
Total inventories $9,576,525 $8,505,970

The inventory turnover for Year 2 was:

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The year-end financial statement of Wando's Vineyards reported Net revenues of $19,425,412 and Cost...

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