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Tenz, Inc., manufactures wooden shelving units for collecting and sorting mail. he company expects to produce...

Tenz, Inc., manufactures wooden shelving units for collecting and sorting mail. he company expects to produce 490 units in July and 660 units in August. Each unit requires 5 feet of wood at a cost of $1.5 per foot. Tenz wants to always have 30% of the next month’s required feet of wood on hand in materials inventory.

What is Tenz's raw materials purchases budget for July?

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