Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to...
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Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 460 units in July and 740 units in August. Each unit requires 9 feet of wood at a cost of $1.8 per foot. Preston wants to always have 10% of the next months required feet of wood on hand in materials inventory. What is Prestons raw materials purchases budget for July?
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