Question
24) Lakers Company budgets production of 25,000 units for January and 30,000 units for February. Each finished unit requires 3 pounds of raw material Kobe
24) Lakers Company budgets production of 25,000 units for January and 30,000 units for February. Each finished unit requires 3 pounds of raw material Kobe that costs $3.50 per pound. Each months ending raw materials inventory should equal 25% of the following months budgeted materials. The January 1 inventory for material Kobe is 15,000 pounds. What are the budgeted materials (in pounds) needed to be purchased in January?
24) Lakers Company budgets production of 25,000 units for January and 30,000 units for February. Each finished unit requires 3 pounds of raw material Kobe that costs $3.50 per pound. Each months ending raw materials inventory should equal 25% of the following months budgeted materials. The January 1 inventory for material Kobe is 15,000 pounds. What are the budgeted materials (in pounds) needed to be purchased in January?
150,000 pounds
82,500 pounds
75,000 pounds
25,000 pounds
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Continuous Auditing A Complete Guide
Authors: Gerardus Blokdyk
2019th Edition
0655540318, 978-0655540311
