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4 2 pts 4. Toyota Motor Corporation's most recent production budget for the RAV 4 Cargo cover indicates the following required production: January February March
4 2 pts 4. Toyota Motor Corporation's most recent production budget for the RAV 4 Cargo cover indicates the following required production: January February March April Required production (units) 4,800 6,200 5,700 5,500 Each unit of finished product requires 4.5 feet of raw materials. The company maintains raw materials inventory equal to 2,100 feet plus 10% of the next month's expected production needs. The raw material used in Toyota Motor Corporation's product costs $4.70 per foot. 1. How much raw materials need to be purchased for February? 2. What is the cost of raw material that Toyota Motor Corporation should plan on purchasing for the month of February
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