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Each unit requires 4 pounds of raw materials costing $6 per pound. On December 31,2021...

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Accounting

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Each unit requires 4 pounds of raw materials costing $6 per pound. On December 31,2021 , the ending raw materials inventory was 8.160 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. WATERWAY INDUSTRIES Direct Materials Purchases Budget January February

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