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Estimate how long on average inventory remains in finished goods inventory before it is sold or disposed of (i.e., base your answer on gross finished
Estimate how long on average inventory remains in finished goods inventory before it is sold or disposed of (i.e., base your answer on gross finished goods inventory and include all of the inventory leaving finished goods inventory including obsolete inventory disposed of). (2 points). Estimate how long on average elapses between when Steinway purchases raw materials and when it sells or disposes of the final product. (2 points)
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