Question
Blossom Ltd. estimates sales for the second quarter of 2022 will be as follows. Month Units April 2,040 May 2,140 June 1,910 The target ending
Blossom Ltd. estimates sales for the second quarter of 2022 will be as follows. Month Units April 2,040 May 2,140 June 1,910 The target ending inventory of finished products is as follows. March 31 1,600 April 30 1,780 May 31 1,760 June 30 1,850 Two units of materials are required for each unit of finished product. Production for July is estimated at 2,160 units to start building inventory for the fall sales period. Blossoms policy is to have an inventory of raw materials at the end of each month equal to 50% of the following months production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases cost $enter the raw material purchases cost in dollars
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