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4 Month April May June July August Sales in Units 3,530 3,850 4,600 4,175 3,930 9.09 points eBook Croy's finished goods inventory policy is to
4 Month April May June July August Sales in Units 3,530 3,850 4,600 4,175 3,930 9.09 points eBook Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct material costs $2.90 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Raw materials on hand at March 31 totaled 3,690 pounds. References Required: 1. Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answer to the nearest whole number.) June April 3,690 May 4,225 Budgeted Production (Units) 4,388 2. Determine the budgeted cost of materials purchased for April, May, and June. (Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places.) June April 22,953.50 May 24,977.70 Budgeted Cost of Material Purchased $ $
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