Emerald Company Budgeted the Following Production in Units for the First

question 59

Multiple Choice

Emerald Company budgeted the following production in units for the first quarter of the year:
Each unit requires 3 kg of raw material. Emerald's policy is to have 20% of the following month's production needs for materials in inventory. On January 1, the raw materials inventory equalled 11,000 kg. $$\begin{array} { l l } \text { January } & 30,000 \\\text { February } & 20,000 \\\text { March } & 40,000\end{array}$$
-Refer to the Figure.What was the ending inventory for January in kilograms?

• A)3,000 kg
• B)4,000 kg
• C)6,000 kg
• D)12,000 kg

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Definitions:

Skeptical

Having an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Immanuel Kant

A German philosopher in the 18th century, known for his work in epistemology, ethics, and aesthetics, emphasizing duty, moral law, and the categorical imperative.

Rationalism

A philosophy that emphasizes reason as the primary source of knowledge over sensory experience.

Empiricism

The theory that all knowledge is derived from sense-experience and observation.