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Graham Corporation's budget calls for the following production: Quarter 1 = 22,500 units Quarter 2 = 19,000 units Quarter 3 = 17,000 units Quarter 4
Graham Corporation's budget calls for the following production: Quarter 1 = 22,500 units Quarter 2 = 19,000 units Quarter 3 = 17,000 units Quarter 4 = 24,000 units Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with 30% of that quarter's direct materials requirements. Graham expects to have 50,000 pounds of direct materials on hand at the beginning of Quarter 1. What would be the budgeted direct materials purchases in the second quarter
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