Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit.The cost of platinum is approximately $360 per ounce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage.The following data were taken from the most recent quarterly production budget: The cost of platinum to be purchased to support August production is:

Question

Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit.The cost of platinum is approximately $360 per ounce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage.The following data were taken from the most recent quarterly production budget:  The cost of platinum to be purchased to support August production is:

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The Answer of Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit.The cost of platinum is approximately $360 per ounce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage.The following data were taken from the most recent quarterly production budget:  The cost of platinum to be purchased to support August production is:

Nevis Motors Manufactures a Product Requiring 0