Chapter 2, Problem 2.1IP

Financial Account

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The following are budgeted data: January February March Sales in units 15,300 20,600 18,300 Production in units 18,300 19,300 17,200 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be

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