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Lancashire Inc. budgets production for the year as shown below: Quarter: 1 2 q , 1 q , 3 4 Production in Units: 1 5
Lancashire Inc. budgets production for the year as shown below:
Quarter:
Production in Units:
pounds of wood raw materials are needed to produce one unit. Raw materials inventory at the beginning of the year is equal to Lancashire purchases its wood at a price of $ per pound. The raw materials inventory at the end of each quarter must equal of the next quarter's budgeted production needs for materials. How much will be spent on raw materials purchases in the second quarter?
$
$
$
$
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