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Accounting
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Use the following information for the Quick Study below. Algo
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Miami Solar manufactures solar panels for industrial use. The company budgets production of units solar panels in July and units in August.
QS Algo Manufacturing: Direct materials budget LO P
Each unit requires pounds of direct materials, which cost $ per pound. The companys policy is to maintain direct materials inventory equal to of the next months direct materials requirement. As of June the company has pounds of direct materials in inventory. Prepare the direct materials budget for July.
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