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Business, 17.04.2020 03:11 faithbar0911p5p68a

QS 20-13 Manufacturing: Direct materials budget LO P1 Each unit requires 3 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials inventory equal to 30% of the next month’s direct materials requirement. As of June 30, the company has 4,500 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July.

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QS 20-13 Manufacturing: Direct materials budget LO P1 Each unit requires 3 pounds of direct material...

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