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Please show all work h. Addams, Incorporated, is preparing its master budget for the second quarter. The following sales and production data have been forecasted:
Please show all work
h. Addams, Incorporated, is preparing its master budget for the second quarter. The following sales and production data have been forecasted: AprilMayJune JulyAugust Unit sales 400500520480540 Finished goods inventory on March 31: 120 units Raw materials inventory on March 31:450 pounds Desired ending inventory each month: Finished goods: 30% of next month's sales Raw materials: 25% of next month's production needs Number of pounds of raw material required per finished unit: 4 pounds How many pounds of raw materials should be purchased in April Step by Step Solution
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