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Haskell Co. plans to produce 10,000 shirts in October and 9,000 in November. Each shirt requires 2 standard yards of fabric, at a cost of
Haskell Co. plans to produce 10,000 shirts in October and 9,000 in November. Each shirt requires 2 standard yards of fabric, at a cost of $5.00 per yard. The inventory of fabric at the beginning of October will be 2,000 yards. If Haskell would like to have an inventory of fabric at the end of each month equal to 10% of the next yardage needs, what will be the budgeted cost of fabric to be purchased during the month of October?
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