Question
C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Production for October Budgeted Bike Production for November
C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Production for October Budgeted Bike Production for November Budgeted Bike Production for December Cash Collected from Sales in November Cash Available on November 1 Cash Disbursements in November Interest Paid During November 115 bikes 100 bikes 120 bikes $40,000 $5,000 $25,000 $500 The ending raw materials inventory equals 25% of the following month's raw material production needs. Each unit of finished goods requires 60 inches of raw materials. The raw materials cost $3.50 per inch. How many inches of raw materials should be purchased in November? Please note the production needs for each month are listed in the table. Multiple Choice 6,300 21,630 22,050 21,262.50
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