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Masterson Company's budgeted production calls for 58,000 liters in April and 54,000 liters in May of a key raw material that costs $1.65 per liter.
Masterson Company's budgeted production calls for 58,000 liters in
April and 54,000 liters in May of a key raw material that costs $1.65 per liter. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 17,400 liters. What is the budgeted materials need in liters for April? Multiple Choice 74,200 liters. 40,600 liters. 59,600 liters. 58,000 liters. 56,800 litersStep by Step Solution
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