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The production budget for Juno & Jones, Inc. shows the company expects to produce 460 units in the first quarter and 640 units in the
The production budget for Juno \& Jones, Inc. shows the company expects to produce 460 units in the first quarter and 640 units in the second quarter. Each unit will require 10 pounds of direct materials at a cost of $1.50 per pound. The company prefers to maintain raw materials inventory equal to 30% of the next quarters materials needs. Prepare a production budget for the first quarter
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