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A Company's Sales in 2009 Were $280,000 and Its Sales

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A company's sales in 2009 were $280,000 and its sales in 2010 were $341,600.Using 2009 as the base year,what is the sales trend percent for 2010?

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Definitions:

Work in Process Inventory

Work in Process Inventory consists of materials and products that are in the process of being manufactured but are not yet complete.

Work in Process

The portion of inventory that is in the production process but has not yet been completed.

Finished Goods

Goods that are fully manufactured and available for sale to buyers.

Raw Materials Used

The total quantity of raw components consumed in the production process to manufacture goods.

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