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Determine total cost of May raw material purchases

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Question - Simple Manufacturing Company makes units that each requires 2 pounds of material at $4 per pound. Simple Manufacturing is planning that 500 and 600 units will be built in May and June, respectively. This is a brand new product so there is no beginning inventory. Simple Manufacturing desires to keep material on hand equal to 30% of the next month's production needs. Use this information to determine total cost of May's raw material purchases.

Reference no: EM133128559

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