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Business, 18.04.2020 00:38 kdcloyd3362

Coles Company, Inc. makes and sells a single product, Product R. Three yards of Material K are needed to make one unit of Product R. Budgeted production of Product R is as follows: August September October Budgeted production (in units) 14,000 14,500 15,500 The company wants to maintain monthly ending inventories of Material K equal to 20% of the following month’s production needs. On July 31, 2,500 yards of Material K were on hand. The cost of Material K is $5.00 per yard. The company wants to prepare a Direct Materials Purchase Budget. The total cost of Material K to be purchased in August is:

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Coles Company, Inc. makes and sells a single product, Product R. Three yards of Material K are neede...
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