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Garry Corporation's most recent production budget indicates the following required production: Required production 210,000 175,000 110,000 (units) Each unit of finished product requires 3 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November? Multiple Choice ● October November December ● ● 793,750 893,500 1,012,500 476,250

Garry Corporation's most recent production budget indicates the following required production: Required production 210,000 175,000 110,000 (units) Each unit of finished product requires 3 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November? Multiple Choice ● October November December ● ● 793,750 893,500 1,012,500 476,250

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Garry Corporation's most recent production budget indicates the following required production: October November December Required production 210,000 175,000 110,000 (units) Each unit of finished product requires 3 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November? Multiple Choice ● 793,750 893,500 1,012,500 476,250
Transcribed Image Text:Garry Corporation's most recent production budget indicates the following required production: October November December Required production 210,000 175,000 110,000 (units) Each unit of finished product requires 3 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November? Multiple Choice ● 793,750 893,500 1,012,500 476,250
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