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What will leather purchases be in August

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Problem - Jared Inc. produces leather handbags. The sales budget for the next four months Is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.5 square meters of leather. Jared Inc.'s finished goods Inventory policy is 10% of next month's sales needs. Jared Inc.'s leather Inventory policy is 30% of next month's production needs. What will leather purchases be in August?

Reference no: EM132918915

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