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