A company forecasts the following production in units for the coming 3 months: 3 Months Production...

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A company forecasts the following production in units for the coming 3 months: 3 Months Production Budget Jan. Feb. Mar. Units to Produce 430 439 490 A finished unit requires 2 feet of direct material Z at a cost of $5.00 per foot. The December 31 Raw Materials Inventory has 133 feet of Z. Each month's ending Raw Materials inventory should be 10% of the tollowing month's production needs. The cost of the budgeted material feet to be purchased during January should be (round to the nearest whole dollar amount, Le. $2,345.52 would be 2346): A company forecasts the following production in units for the coming 3 months: 3 Months Production Budget Jan. Feb. Mar. Units to Produce 430 439 490 A finished unit requires 2 feet of direct material Z at a cost of $5.00 per foot. The December 31 Raw Materials Inventory has 133 feet of Z. Each month's ending Raw Materials inventory should be 10% of the tollowing month's production needs. The cost of the budgeted material feet to be purchased during January should be (round to the nearest whole dollar amount, Le. $2,345.52 would be 2346):

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Raw Haterial required for produition of units in Jan 430 unith x 2 ... View the full answer