Early in 2014, Westmoreland Company switched to a just-in-time inventory system. Its sales, cost of goods sold, and inventory amounts for 2013 and 2014 are shown below.

Determine the inventory turnover and days in inventory for 2013 and 2014. Discuss the changes in the amount of inventory, the inventory turnover and days in inventory, and the amount of sales across the two years.

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Sales revenue Cost of goods sold Beginning inventory Ending inventory 2013 $2,000,000 1,000,000 290,000 210,000 2014 $1,800,000 910,000 210,000 50,000