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Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 3...

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Accounting

Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 3 linear feet of bamboo, which costs $3.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $14.00 per hour. Iguana has the following inventory policies: Ending finished goods inventory should be 40 percent of next month

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