Vebco manufactures a product requiring 0.5 grams of platinum per unit.The cost of platinum is approximately $360 per gram.Vebco maintains an ending inventory of platinum equal to 10 per cent of the following month's production.The following data were taken from the most recent quarterly production budget.Determine the cost of platinum purchased in August. 
A) $195 840
B) $200 160
C) $391 680
D) $400 320
Correct Answer:
Verified
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