Diamond Company budgeted the following production in units for the first quarter of the year...
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Accounting
Diamond Company budgeted the following production in units for the first quarter of the year January 30,000 February 20,000 March 40,000 Each unit requires 3 pounds of raw material. Diamond's policy is to have 20% of the following month's production needs for materials in inventory. On January 1, the raw materials inventory equaled 11,000 pounds. Desired ending inventory for January in pounds equals
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