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Need help please Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,800 units (solar panels) in July and
Need help please
Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,800 units (solar panels) in July and 5,100 units in August. Each unit requires 3 pounds of direct materials, which cost $6 per pound. The company's policy is to maintain direct materials inventory equal to 30% of the next month's direct materials requirement. As of June 30, the company has 5,220 pounds of direct materlals in inventory. Prepare the direct materials budget for July. Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,800 units (s July and 5,100 units in August. Each unit requires 3 pounds of direct materials, which cost $6 per pound. The company's policy is to maintain dire nventory equal to 30% of the next month's direct materials requirement. As of June 30, the company has 5,220 materials in inventory. Prepare the direct materials budget for July. Answer is complete but not entirely correct Step by Step Solution
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