Supply of raw material are on hand at the factory

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Reference no: EM13970644

A firm had a total COGS of $1265 M (Data per quarter: 280, 295, 340, & 350, respectively). The raw material inventory at the end of each quarter was 50,40,55, &60, respectively. The company reported that it used $500 M worth of raw material during the year. On average, how many weeks of supply of raw material are on hand at the factory? Please provide detailed calculations and explanation.

Reference no: EM13970644

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