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On January 1, 2022, the Oriole Company budget committee has reached agreement on the following data for the 6 months ending June 30,2022 6.160. The
On January 1, 2022, the Oriole Company budget committee has reached agreement on the following data for the 6 months ending June 30,2022 6.160. The ending raw materials and finished goods inventories at December 31, 2021, follow the same percentage relationships to production and sales that occur in 2022. 3 pounds of raw materials are required to make each unit of finished goods. Raw materiais purchased are expected to cost $4 per pound. (3) Prepare a production budget by quarters for the 6 -month period ended june 30.2022
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