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A company budgets production of 350 units in June and 360 units in July. Each finished unit requires 5 pounds of rav material, which costs
A company budgets production of 350 units in June and 360 units in July. Each finished unit requires 5 pounds of rav material, which costs $6 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The June 1 raw materials inventory has 525 pounds of raw material. Compute the budgeted cost of purchases for raw material for June. Multiple Choice $10,800 $10,590 $7,650 $10,620
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