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The following are budgeted data for Grape Corporation: Sales in units Production in units January 15,000 18000 February 20,000 16,000 March 18,000 19,000 Three pounds
The following are budgeted data for Grape Corporation: Sales in units Production in units January 15,000 18000 February 20,000 16,000 March 18,000 19,000 Three pounds of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be: Multiple Choice O 70,800 pounds O 82,800 pounds O 59,400 pounds O 49,800 pounds
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