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undefined Chow Corporation manufactures children's chairs made of PVC plastic tubing and heavy canvas material. Each chair requires eight feet of PVC tubing and three
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Chow Corporation manufactures children's chairs made of PVC plastic tubing and heavy canvas material. Each chair requires eight feet of PVC tubing and three yards of material (heavy canvas fabric) Budgeted sales are 20,000 chairs for June, 25,000 chairs for July, and 30,000 chairs for August. Ending finished goods inventory (completed chairs) is budgeted at 10% of the current month's sales. Ending materials inventories ( PVC plastic tubing and heavy canvas/fabric material) are budgeted at 10% of the current month's production. Prepare (TWO) schedules: (1) purchase requirements for PVC tubing and (2) materials (heavy canvas fabric) required for each of June, July, and August. Assume 16,000 feet of PVC tubing and 6,000 yards of material are on hand at the beginning of JuneStep by Step Solution
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