Question
Company budgeted the following production in units for the second quarter of the year: April 45,000 May 38,000 June 42,000 Each unit requires four pounds
Company budgeted the following production in units for the second quarter of the year:
| April | 45,000 |
| May | 38,000 |
| June | 42,000 |
Each unit requires four pounds of raw material. Saphire's policy is to have 40% of the following month's production needs for materials in inventory. This policy was met in March. Desired ending inventory for April in pounds equals:
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Auditing Cases
Authors: Frank A. Buckless, Mark. S. Beasley, Steven M. Glover, Douglas F. Prawitt
1st Edition
978-0130800015
