Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 420 units in July and 750 units in August. Each unit requires 3 feet of wood at a cost of $1.5 per foot. Preston wants to always have 30% of the next month's required feet of wood on hand in materials inventory. What is Preston's raw materials purchases budget for July?

Preston, Inc, manutactures wooden shelving units for collecting and sorting mail. The company expects to produce 420 units in July and 750 units in August Each unit requines 3 feet of wood at a cost of $1.5 per foot. Preston wants to always have 30% of the next month's required feet of wood on hand in metienals mventony What is Preston's raw materials purchases budget for July