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Three pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each
Three pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 21% of the following month's production needs. The company is expected to have 45,108 pounds of raw materials on hand on January 1 . Budgeted production for February should be
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