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Charm Enterprises' production budget shows the following units to be produced for the coming three months: A finished unit requires three ounces of a key

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Charm Enterprises' production budget shows the following units to be produced for the coming three months: A finished unit requires three ounces of a key direct material. The March 31 Raw Materials Inventory has 2,907 ounces (oz.) of the material. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. Materials purchases in May should be

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