Northwest 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

Northwest 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:

Quizplus · Accepted Answer

The Answer of Northwest 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:

Northwest Manufactures a Product Requiring 0