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What is preston raw materials purchases budget for july

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Problem 1: Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 420 units in July and 640 units in August. Each unit requires 9 feet of wood at a cost of $16 per foot. Preston wants to always have 10% of the next month's required feet of wood on hand in materials inventory. What is Preston's raw materials purchases budget for July?

Reference no: EM132733377

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