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Zortek Corp. budgets production of 350 units in January and 350 units in February. Each finished unit requires six pounds of raw material Z, which
Zortek Corp. budgets production of 350 units in January and 350 units in February. Each finished unit requires six pounds of raw material Z, which costs $2 per pound. Each months ending inventory of raw materials should be 40% of the following months budgeted production. The January 1 raw materials inventory has 160 pounds of Z. Prepare a direct materials budget for January.
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