Question: Use the data in Exhibit 14.5. On October 7, Schmidt Machinery Company purchased 720 pounds of PVC at $41 per pound. On October 9, Schmidt's

Use the data in Exhibit 14.5. On October 7, Schmidt Machinery Company purchased 720 pounds of PVC at $41 per pound. On October 9, Schmidt's production department used 720 pounds of PVC for the 780 units of XV-1 it manufactured.

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