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Find how many pounds of direct materials purchased

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Problem 1: Baker Company has a policy of having sufficient direct materials inventory on hand at the end of each month equal to 20% of next month's budgeted production needs. The company has budgeted production of 7,500 units of product in June and 10,000 units in July. It takes 2 pounds of direct materials to produce one unit of product and 3,000 pounds of direct materials were on hand on May 31. How many pounds of direct materials should be purchased in the month of June?

Reference no: EM132685304

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