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Direct materials purchases budget
Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Wax is required to produce a candle. Assume eight ounces (one-half of a pound) of wax is required for each candle. The estimated January 1, 2016, wax inventory is 2,500 pounds. The desired December 31, 2016, wax inventory is 2,100 pounds. If candle wax costs $4.10 per pound, determine the direct materials purchases budget for 2016.
What are the differences between brick and mortar retailers and clicks and mortar retailers?
accounting help begin inventory 36400 sales 241000 first purchase 80420 sales 601000 second purchase 75440 sales 551000
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