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help asap! thanks CRANE INDUSTRIES Direct Materials Purchases Budget ; January February Crane Industries has adopted the following production budget for the first 4 months
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CRANE INDUSTRIES Direct Materials Purchases Budget ; January February Crane Industries has adopted the following production budget for the first 4 months of 2022. Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31,2021 , the ending raw materials inventory was 4,240 pounds. Management wants to have a raw materials imventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter Step by Step Solution
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