Ohio valley homecare suppliers, incorporated (ovhs) had $ 15 million in sales in 2015. its cost of goods sold was $ 6.0 million, and its average inventory balance was $ 2.1 million. a. calculate the number of inventory days outstanding for ovhs. b. the average number of inventory days in the industry is 73 days. by how much would ovhs reduce its investment in inventory if it could improve its inventory days to meet the industry average?

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: