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Calculate the quantity that needs to be purchase in April

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Question - Otter Company produces novelty socks, each sock requires one meter of cotton. As the company does not ever want to run out of cotton, they require that 65% of the following months requirements for cotton are held at the end of the previous month. The inventory on hand as of March 31, is 15,600 meters (all related to April's sale), budgeted May sales are $32,000. Calculate the quantity (in meters) that needs to be purchased in April.

Reference no: EM133141498

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