Marvel Woodcraft makes furniture. Marvels expected sales are 32,000 bookcases for the quarter. The company...
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Marvel Woodcraft makes furniture. Marvels expected sales are 32,000 bookcases for the quarter. The company begins the quarter with inventory of 4,000 bookcases and wants to have enough finished bookcases on hand at the end of the quarter to provide for 15% of the next quarters expected sales of 36,000 bookcases. Ignoring any beginning inventory, if 50 board feet are required for each bookcase and the wood costs $2 per board foot, how much will Marvel pay for the bookcases it needs produce during the quarter?
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