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Croy Inc. has the following projected sales for the next five months: Month April Sales in Units 3,460 May 3,830 June July August 4,570 4,140
Croy Inc. has the following projected sales for the next five months: Month April Sales in Units 3,460 May 3,830 June July August 4,570 4,140 3,920 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 material costs $2.60 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 3,682 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.) Required: 1. Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your fina answer to the nearest whole number.) April May June Budgeted Production (Units) 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.) + April Budgeted Cost of Material Purchased May June
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