Table:
| (Dollars in Millions) | April 27, 2019 | April 28, 2018 |
| --- | --- | --- |
| Finished Products | $40.2 | $15.4 |
| Work in Process | 9.4 | 14.6 |
| Materials | 67.1 | 54.1 |
| Total Inventories | $116.7 | $84.1 |
Paragraphs:
Inventories.
Inventories are stated at the lower-of-cost or net realizable value. Cost is determined using the first-in, first-out method. Finished products and work-in-process inventories include direct material costs and direct and indirect manufacturing costs. The Company records reserves for inventory that may be obsolete or in excess of current and future market demand. A summary of inventories is shown below:
Question:
What is the average work in progress value for 2018 and 2019?
Answer: (9.4 + 14.6) / 2 = 12