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Assume that a company expects to produce 11,300, 12,300, and 14,300 units of finished goods in January, February, and March, respectively. Each unit of finished
Assume that a company expects to produce 11,300, 12,300, and 14,300 units of finished goods in January, February, and March, respectively. Each unit of finished goods requires 4 pounds of raw material and each pound of raw material costs $4.25. The company always maintains an ending raw materials inventory equal to 25% of next months production needs. What is the amount of expected raw materials purchases for February? Multiple Choice $217,600 $166,400 $209,600 $170,400
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