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What the standard dollar amount of raw materials

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Question - A company produces a product that contains 23 ounces of materials in each unit of finished goods. During the production process, 5% of the materials evaporate. The company pays its suppliers $2.30 per ounce; the cost to ship the material to the company averages $0.24 per ounce. What the standard dollar amount of raw materials contained in one unit of finished goods?

Reference no: EM132885796

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