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Consider the following information from the sales budget (Sales in units) Sales Oct 6,000 Nov 18.000 Dec 16,000 Mar Jan 8,500 Feb 8,000 5,000 Additional
Consider the following information from the sales budget (Sales in units) Sales Oct 6,000 Nov 18.000 Dec 16,000 Mar Jan 8,500 Feb 8,000 5,000 Additional information: Sales price: $8.00; Credit sales = 80.0% of total sales Ending inventory requirements: Production budget = 40.0%; Purchases budget = 10.0% Material required for each product = 6.0 kilograms of recycled aluminum; the price per kilogram of recycled aluminum = $0.80 Compute the cost of material purchased in November. $80,544 $85,440 $87,360 $90,336 None of the other answers are correct
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