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Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 6 linear feet of bamboo, which costs $2.00 per foot. Each

Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 6 linear feet of bamboo, which costs $2.00 per foot. Each frame takes approximately 36 minutes to build, and the labor rate averages $12.00 per hour. Iguana has the following inventory policies:

Ending finished goods inventory should be 40 percent of next month

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