Question: CFO Production/Inventory Assumptions Each Quarter's Ending Inventory should equal 15% of next quarter's sales Each unit of Finished Goods requires 3.5 yards of raw materials

CFO Production/Inventory Assumptions Each Quarter's Ending Inventory should equal 15% of next quarter's sales Each unit of Finished Goods requires 3.5 yards of raw materials that cost $3.00 per yard The company uses a LIFO inventory flow method

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