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Frick Company makes units that each requires 2 pounds of material at $3 per pound. 500 and 700 units will be built in May and June, respectively. Frick keeps material on hand at 20% of the next month's production needs. How much is the material cost for May's output?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91702418

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