Each unit requires 3 pounds of direct materials, which cost $6 per pound. The companys...
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Accounting
Each unit requires 3 pounds of direct materials, which cost $6 per pound. The companys policy is to maintain direct materials inventory equal to 40% of the next months direct materials requirement. As of June 30, the company has 4,920 pounds of direct materials in inventory. Prepare the direct materials budget for July.
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