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Acme Company s budgeted production is 4 , 5 0 0 units in October, 5 , 2 5 0 units in November, and 6 ,
Acme Companys budgeted production is units in October, units in November, and units in December. Each unit of finished goods requires pounds of raw materials that cost $ per pound. Acmes policy is to maintain an ending raw materials inventory balance equal to of the amount needed for the next months production. Acme pays for of its raw material purchases in the month of purchase and in the month following the purchase. What is the balance of the accounts payable account for raw materials purchases at the end of November? a $ b $ c $ d $
Acme Companys budgeted production is units in October, units in November, and units in December. Each unit of finished goods requires pounds of raw materials that cost $ per pound. Acmes policy is to maintain an ending raw materials inventory balance equal to of the amount needed for the next months production. Acme pays for of its raw material purchases in the month of purchase and in the month following the purchase. What is the balance of the accounts payable account for raw materials purchases at the end of November?
a $
b $
c $
d $
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