Compute raw materials purchases budget

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Reference no: EM131203833

Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 320 units in July and 370 units in August. Each unit requires 14 feet of wood at a cost of $1.10 per foot. Preston wants to always have 300 feet of wood on hand in materials inventory.

Compute Preston’s raw materials purchases budget for July and August.

Reference no: EM131203833

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