1. ACME Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year.

Raw material beginning inventory = 40,000

Raw material ending inventory* = 50,000

Finished goods beginning inventory = 80,000

Finished goods ending inventory = 50,000

*Three pounds of raw material are needed to produce each unit of finished product. If ACME Corporation plans to sell 480,000 units during next year, the number of units it would have to manufacture during the year would be

2. ACME Corporation, a merchandising firm, has budgeted sales as follows for the third quarter of the year:

Cost of goods sold is equal to 65% of sales. The company wants to maintain a monthly ending inventory equal to 130% of the Cost of Goods Sold for the following month. The inventory on June 30 is less than this ideal since it is only $65,000. The company is now preparing a Merchandise Purchases Budget.

The desired beginning inventory for September is:

3. ACME Corporation, a merchandising firm, has budgeted sales as follows for the third quarter of the year:

Cost of goods sold is equal to 65% of sales. The company wants to maintain a monthly ending inventory equal to 130% of the Cost of Goods Sold for the following month. The inventory on June 30 is less than this ideal since it is only $65,000. The company is now preparing a Merchandise Purchases Budget.

The budgeted purchases for July are:

4. ACME Enterprises has budgeted sales in units for the next five months as follows:

Past experience has shown that the ending inventory for each month must be equal to 10% of the next month's sales in units. The inventory on May 31 contained 400 units. The company needs to prepare a production budget for the second quarter of the year.

The beginning inventory in units for September is:

5. ACME Enterprises has budgeted sales in units for the next five months as follows:

Past experience has shown that the ending inventory for each month must be equal to 10% of the next month's sales in units. The inventory on May 31 contained 400 units. The company needs to prepare a production budget for the second quarter of the year.

The desired ending inventory for August is:

6. ACME Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year:

At ACME 30% of raw materials purchases are normally paid for in the month of purchase. The remaining 70% is paid for in the month following the purchase.

How much cash should ACME expect to pay out for raw material purchases during November?