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The following are budgeted data: Sales in units Production in units January February March 17,000 24,000 20,000 20,000 21,000 20,100 One pound of material is
The following are budgeted data: Sales in units Production in units January February March 17,000 24,000 20,000 20,000 21,000 20,100 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 30% of the following month's production needs. Purchases of raw materials for February would be budgeted to be: Multiple Choice 20,730 pounds 21,270 pounds 20,630 pounds 18,270 pounds
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