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Three grams of scented oil are used for each bar of soap manufactured by the...

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Accounting

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Three grams of scented oil are used for each bar of soap manufactured by the Soap Company. The cost of oil is $1.30 per gram. Inventory of scented oil at the end of the month should equal 25% of the next month's production needs. 500 grams of oil are on hand on February 1st. Budgeted production is as follows: What is the cost of direct materials to be purchased in FEB

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