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Simpson, Inc. is in the process of preparing its annual budget. The following beginnin Beginning Inventory Ending Inventory Raw materials WIP Finished Goods 35,000
Simpson, Inc. is in the process of preparing its annual budget. The following beginnin Beginning Inventory Ending Inventory Raw materials WIP Finished Goods 35,000 14,500 90,000 55,000 10,000 40,000 * Three units of raw material are needed to produce each unit of finished product If 350,000 finished units were to be manufactured for the year by Simpson, the units
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