EcoHut Limited manufactures garden sheds. Each shed requires 8 meters of felt. The...

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Accounting

EcoHut Limited manufactures garden sheds.
Each shed requires 8 meters of felt. The company's production director estimates that January production will be 380 completed sheds, and that production of completed sheds in February will rise to 400.
Stocks of felt at the beginning of January are lower than usual: only 1030 meters of felt is in stock.
Normally, however, the company's policy is to have in stock at the beginning of each month sufficient raw material for 50% of the month's production
Assuming that this policy is followed in respect of stock at the end of January, how much felt will be purchased during January?

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