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The Finley Company plans to produce 25,000 units during July. It plans to sell 26,000 units in July. Each unit of finished product requires 2
The Finley Company plans to produce 25,000 units during July. It plans to sell 26,000 units in July. Each unit of finished product requires 2 pounds of direct material X. This direct material costs $4 per pound. The July 1 inventory of X is 2,000 pounds, and the desired July 31 inventory of X is 1,000 pounds. The cost of material X purchases in July is planned to be:
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