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Time left 12403 Universal Manufacturing Co. (UMC) has the following production budget for the coming fourth quarter shown below. UMC uses 3 lbs of

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Time left 12403 Universal Manufacturing Co. (UMC) has the following production budget for the coming fourth quarter shown below. UMC uses 3 lbs of raw materials are used per unit. The company's ending direct material inventory level is set up to be 10% of the following month's production needs. Production Units Oct Nov Dec 105,000 110,000 130,000

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