Mini-Exercise 14-3 (Algo) Purchases budget LO 4,5 ABC Company's budgeted sales for June, July, and...
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Mini-Exercise 14-3 (Algo) Purchases budget LO 4,5 ABC Company's budgeted sales for June, July, and August are 15,800, 19,800, and 17,500 units, respectively. ABC requires 40% of the next month's budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 6,320 units. Each unit that ABC Company produces uses 2 pounds of raw material. ABC requires 35% of the next month's budgeted production as raw material inventory each month. Required: Calculate the number of pounds of raw material to be purchased in June. Number of pounds
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