1.3 On the average, a company has an 8-week lead time for work-in-process and annual cost of goods sold of $12 million. Assuming that the company works 50 weeks a year: A. What is the dollar value of...

1.3 On the average, a company has an 8-week lead time for work-in-process and annual cost of

goods sold of $12 million. Assuming that the company works 50 weeks a year:

A. What is the dollar value of the work-in-process? (worth 2 points)