A firm has redesigned its production process so that it now takes 9…

A firm has redesigned its production process so that it now takes 9 hours for a unit to be made. Using the old process, it took 13 hours to make a unit. If the process makes two units each hour on average and each unit is worth $1,500.
[a] Using the old process, how many is the inventory?
[b] After redesigning the process, how many is the inventory?
[c] How much is the reduction in work-in-process (inventory) value?

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