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Exercise 1 4 - 1 1 ( Algo ) Purchases budget LO 1 4 - 5 Skip to question [ The following information applies to

Exercise 14-11(Algo) Purchases budget LO 14-5
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[The following information applies to the questions displayed below.]
Each gallon of Old Brut, a popular aftershave lotion, requires 3 ounces of ocean scent. Budgeted production of Old Brut for the first three quarters of 2022 is as follows:
Quarter I 15,000 gallons
Quarter II 18,000 gallons
Quarter III 11,000 gallons
Managements policy is to have on hand at the end of every quarter enough ocean scent inventory to meet 22% of the next quarters production needs. At the beginning of Quarter I, 9,900 ounces of ocean scent were on hand.
Exercise 14-11(Algo) Part a
Required:
a. Calculate the number of ounces of ocean scent to be purchased in each of the first two quarters of 2022.

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