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APICS CPIM Exam - Topic 2 Question 125 Discussion

On the overage a company has 12week of work-in-process (WIP) inventory and annual cost of goods sold of 36$ million. Assuming the company works 50 weeks per year.What is the dollar value of the WIP?
A) $4, 32,000
B) $423,000
C) $4, 33,000
D) $4, 22,000

APICS CPIM Exam - Topic 2 Question 125 Discussion

Actual exam question for APICS's CPIM exam
Question #: 125
Topic #: 2
[All CPIM Questions]

On the overage a company has 12week of work-in-process (WIP) inventory and annual cost of goods sold of 36$ million. Assuming the company works 50 weeks per year.

What is the dollar value of the WIP?

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Suggested Answer: A

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Rocco
1 day ago
That's $8.64 million in WIP, right?
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Markus
7 days ago
WIP = (COGS / weeks) * WIP weeks = (36M / 50) * 12
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Onita
12 days ago
If the annual COGS is $36 million and we work 50 weeks, then the weekly COGS should be $720,000, right? So, what would that mean for the WIP?
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Vashti
2 months ago
I'm not entirely sure about the calculations, but I think we might need to multiply the weekly COGS by 12 weeks to get the WIP.
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Leonard
2 months ago
I remember a similar question where we had to find inventory values based on weeks of supply. It involved dividing the annual COGS by the number of weeks.
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Josephine
2 months ago
I think we need to calculate the weekly cost of goods sold first to find the WIP value.
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