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Wadi Aseeb Company produces curtains. The production budget in units for the next five months iS: May 10,000 units, June 14,000, July 15,000, August 16,000, and September 18,000 units. Each curtain requires 5 meters of cotton fabric. The company's cotton fabric inventory policy for ending inventory is 40% of next month's production needs. On May 1 the cotton fabric in stock was 20,000 meters. How much of the cotton fabric needs to be purchased for May in meters? O a. None of the given answers. O b. 84,000 Oc 77,000 O d. 58,000 e. 72,000

Wadi Aseeb Company produces curtains. The production budget in units for the next five months iS: May 10,000 units, June 14,000, July 15,000, August 16,000, and September 18,000 units. Each curtain requires 5 meters of cotton fabric. The company's cotton fabric inventory policy for ending inventory is 40% of next month's production needs. On May 1 the cotton fabric in stock was 20,000 meters. How much of the cotton fabric needs to be purchased for May in meters? O a. None of the given answers. O b. 84,000 Oc 77,000 O d. 58,000 e. 72,000

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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Wadi Aseeb Company produces curtains. The production budget in units for the next five months is: May 10,000 units, June 14,000, July 15,000, August 16,000, and September 18,000 units. Each curtain requires 5 meters of cotton fabric. The company's cotton fabric inventory policy for ending inventory is 40% of next month's production needs. On May 1 the cotton fabric in stock was 20,000 meters. How much of the cotton fabric needs to be purchased for May in meters? O a. None of the given answers. O b. 84,000 O c. 77,000 O d. 58,000 O e. 72,000
Transcribed Image Text:Wadi Aseeb Company produces curtains. The production budget in units for the next five months is: May 10,000 units, June 14,000, July 15,000, August 16,000, and September 18,000 units. Each curtain requires 5 meters of cotton fabric. The company's cotton fabric inventory policy for ending inventory is 40% of next month's production needs. On May 1 the cotton fabric in stock was 20,000 meters. How much of the cotton fabric needs to be purchased for May in meters? O a. None of the given answers. O b. 84,000 O c. 77,000 O d. 58,000 O e. 72,000
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