Madrid Inc. has the following budgeted production in units for the next four months: Units...
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Accounting
Madrid Inc. has the following budgeted production in units for the next four months: Units Month Produced June 90,000 July 120,000 August 210,000 September 150,000 Two pounds of raw materials are required for each unit produced. Ending raw materials inventory should equal 30% of next months production needs. Raw materials inventory on June 1st was 54,000 pounds. Madrid's total required raw material purchases in pounds for July are: Group of answer choices are
240,000
158,000
366,000
294,000
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