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Croy Incorporated has the following projected sales for the next five months: Month April Sales in Units 3,430 May 3,830 June July 4,550 4,160 3,940
Croy Incorporated has the following projected sales for the next five months: Month April Sales in Units 3,430 May 3,830 June July 4,550 4,160 3,940 August Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direc materials cost $3.00 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,630 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of direct 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. Note: Do not round your intermediate calculations and round your final answers to the nearest whole number. April May June Budgeted Production (Units) Required 1 Required 2 Determine budgeted cost of direct materials purchased for April and May. Note: Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places. Budgeted Cost of Material Purchased April May
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