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Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $270 per ounce; the company maintains an

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Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $270 per ounce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage. The following data were taken from the most recent quarterly production budget: The cost of platinum to be purchased to support August production is: Multiple Choice $200,880. $202,500. conatan

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