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ABC Company budgeted the following production in units for the second quarter of the year: April 50,000 May June 43,000 47,000 Each unit requires
ABC Company budgeted the following production in units for the second quarter of the year: April 50,000 May June 43,000 47,000 Each unit requires five pounds of raw material. ABC's policy is to have 25% of the following month's production needs for materials in inventory. Raw materials purchases budgeted for May in pounds equal: 209,130 pounds 172,000 pounds 220,000 pounds 156,250 pounds 210,000 pounds
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