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Animals Manufacturing expects to produce 7,000 units in January, 6,400 units in February, and 6,800 units in March. Each unit requires 3/4 of a pound
Animals Manufacturing expects to produce 7,000 units in January, 6,400 units in February, and 6,800 units in March. Each unit requires 3/4 of a pound (lb) of materials at a cost of $24/lb. Animas anticipates a beginning raw-material inventory for January of 525 lbs. Company policy is to have 10% of next month's materials in ending inventory. What is the budgeted cost of raw material purchases for January
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