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Production and purchases budgets Pelican Co. is forecasting sales of 40,300 units of product for October. To make one unit of finished product, 10 pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:
Required: a. Calculate the number of units of product to be produced during October. b. Calculate the number of pounds of raw materials to be purchased during October.
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Kim owns a chinese restaurant. The business's fixed assets include some kitchen equipment. Prepare the disposal account recording the profit orloss on the sale of the kitchen equipment.
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