A company produces a product that contains 12 ounces of materials
A company produces a product that contains 12 ounces of materials
in each unit of finished goods. During the production process, 10% of the materials evaporate. The company pays its suppliers $3 per ounce; the cost to ship the material to the company averages $0.30 per ounce. The standard dollar amount of raw materials contained in one unit of finished goods is ___________
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