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Croy Inc. has the following projected sales for the next five months Month April May June Sales in Units 3,400 3,820 4,540 4,120 3,910 August
Croy Inc. has the following projected sales for the next five months Month April May June Sales in Units 3,400 3,820 4,540 4,120 3,910 August Croy's finished goods inventory policy is to have 70 percent of the next month's sales on hand at the end of each month. Direct material costs $3.40 per pound, and each unit requires 2 pounds Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Raw materials on hand at March 31 totaled 3,694 pounds. Required 1. Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answer to the nearest whole number.) Answer is complete but not entirely correct. April May June Budgeted Production 3,134 3,782,884 nits 2. Determine the budgeted cost of materials purchased for April, May, and June. (Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. April May June Budgeted Cost of Material Purchased 22,637.20 28,322.005 27,944.60
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