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Pls help! Concord Company has 2.240 pounds of raw materials in its December 31,2021 , ending inventory. Required production for January and February of 2022
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Concord Company has 2.240 pounds of raw materials in its December 31,2021 , ending inventory. Required production for January and February of 2022 are 4,480 and 5,600 units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. CONCORD COMPANY Total Required Direct Labor Hours Units to be Produced Total Cost of Direct Materials Purchases Desired Ending Inventory Pounds Total Pounds Required for Production Direct Materials. Units to be Purchased Total Direct Labor Cost Beginning Materials Inventory Direct Labor Time Per Unit Cost Per Pound Direct Materiais Pounds Per Unit Total Materials Required Direct Labor Cost Per Hour Step by Step Solution
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