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A company requires 600kg raw material Z for a contract it is evaluating. It has 400kg of material Z in stock which were purchased last

A company requires 600kg raw material Z for a contract it is evaluating. It has 400kg of material Z in stock which were purchased last month. Since then the purchase price of Z has risen by 8% to $27 per kg. Z is used regularly by the company in normal production. What is the total relevant cost of Z for contract

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