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Sheridan Company determines that 64000 pounds of direct materials are needed for production in July. There are 4200 pounds of direct materials on hand at

Sheridan Company determines that 64000 pounds of direct materials are needed for production in July. There are 4200 pounds of direct materials on hand at July 1 and the desired ending inventory is 3700 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases?

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