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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

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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 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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