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Assume that a company expects to produce 1 1 , 7 0 0 , 1 2 , 7 0 0 , and 1 4 ,
Assume that a company expects to produce and units of finished goods in January, February, and March, respectively. Each unit of finished goods requires pounds of raw material and each pound of raw material costs $ The company always maintains an ending raw materials inventory equal to of next month's production needs. What is the amount of expected raw materials purchases for February?
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