Multiple Choice
Charm Enterprises' production budget shows the following units to be produced for the coming three months: A finished unit requires four ounces of a key direct material.The March 31 Raw Materials Inventory has 4,032 ounces (oz.) of the material.Each month's ending Raw Materials Inventory should be 35% of the following month's production needs.Materials purchases in May should be?
A) 11,352 oz.
B) 11,520 oz.
C) 7,448 oz.
D) 15,384 oz.
E) 7,616 oz.
Correct Answer:

Verified
Correct Answer:
Verified
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