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4. Direct Materials Purchases Budget Prepare a direct materials purchases budget for Billy Joel Industries for anuary and February, using information from the preceding problem
4. Direct Materials Purchases Budget Prepare a direct materials purchases budget for Billy Joel Industries for anuary and February, using information from the preceding problem and the following additional information: Each unit requires two pounds of materials. Materials cost $0.40 per pound. Joel estimates that it will have 3,000 pounds of materials inventory on January 1. Joel's desired ending inventory for materials is 2,000 pounds
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