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The financial statement of Willamette Valley Vineyards reported Net revenues of $13,271,914 and Cost of goods sold of $5,588,439. Note 3 reported that Inventories consisted of: Year 2 Year 1 Winemaking and packaging materials $ 732,909 $ 454,612 Work-in-process 4,099,224 3,891,754 Finished goods 5,001,179 4,880,518 Total inventories $9,833,312 $9,226,884 The inventory turnover for year 2 was:

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The financial statement of Willamette Valley Vineyards reported Net revenues of $13,271,914 and Cost...
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