Question: Because of the specialized manufacturing process employed, considerable work-in- process and raw material inventories are created. The current inventory levels are $1,152,000 and $2,725,000, respectively.

Because of the specialized manufacturing process employed, considerable work-in- process and raw material inventories are created. The current inventory levels are $1,152,000 and $2,725,000, respectively. In addition, finished goods inventory is $3,225,000, and sales (at cost) for the current year are expected to be about $24 million. The inventory turnover that Meritor Metal is expecting is 1.5 to 2 1 to 1.5 O2 to 3 O1 3 or more

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