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Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,850 May 3,875 June 4,260 July 4,135 August
Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,850 May 3,875 June 4,260 July 4,135 August 3,590 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct materials cost $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,865 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. April May June Budgeted Production (Units) Required 1 Required 2 Determine budgeted cost of materials purchased for April and May. (Round your answers to 2 decimal places.) April May Budgeted Cost of Material Purchased
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