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Please solve Required information [The following information applies to the questions displayed below.) Each gallon of Old Guard, a popular aftershave lotion, requires 2.75 ounces
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Required information [The following information applies to the questions displayed below.) Each gallon of Old Guard, a popular aftershave lotion, requires 2.75 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2019 is as follows: Quarter I Quarter II Quarter III 10,000 gallons 19,000 gallons 11,000 gallons Management's policy is to have on hand at the end of every quarter enough ocean scent inventory to meet 39% of the next quarter's production needs. At the beginning of Quarter I, 10,725 ounces of ocean scent were on hand. Required: a. Calculate the number of ounces of ocean scent to be purchased in each of the first two quarters of 2019. Quarter ! Quarter II Number of ouncesStep by Step Solution
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