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Calculate total payment for materials in november September. November sales will SALES PROJECTIONS Wilson Sports basketball sales in August were 150,000 units. Sales are expected
Calculate total payment for materials in november
September. November sales will SALES PROJECTIONS Wilson Sports basketball sales in August were 150,000 units. Sales are expected to grow by 2% in September October sales are expected to be 1,000 units less than be 3% more than October. The selling price of the basketballs will remain the same $30 per unit. December sales projection is 157,000 units. INVENTORY POLICIES FINISHED GOODS MAINTAIN AND ENDING INVENTORY EQUAL TO 25% OF NEXT MONTH SALES ACTUAL BEGINNING INVENTORY 38,500 UNITS DIRECT MATERIALS MAINTAIN AND ENDING INVENTORY EQUAL TO 30% OF NEXT MONTH PRODUCTION ACTUAL BEGINNING INVENTORY 9.000 POUNDS The cost of materials purchased in August were $210,000 REQUIREMENTS Each basketball requires 25 pounds of materials at a cost of $7 per pound. December production are projected to be 156.000 units. 90% of direct materials purchased are paid in cash and the remaining 10% are paid in the next month. CALCULATE TOTAL PAYMENT FOR MATERIALS IN NOVEMBERStep by Step Solution
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