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Each unit producted by Terra Electronics requires 4 pounds of raw materials.The raw materials inventory...

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Accounting

Each unit producted by Terra Electronics requires 4 pounds of raw materials.The raw materials inventory must be equal to 10% of the next month's production. Each pound of raw material costs $2.00. Budgeted production information follows:

April: 28,000

May: 30,000

June: 25,000

How much are budgeted purchases of raw materials for May?

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