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Croy Incorporated has the following projected sales for the next five months: Month Sales in Units April 3,580 May 3,935 June 4,530 July 4,175 August

Croy Incorporated has the following projected sales for the next five months:

Month Sales in Units
April 3,580
May 3,935
June 4,530
July 4,175
August 3,900

Croys finished goods inventory policy is to have 50 percent of the next months sales on hand at the end of each month. Direct materials cost $2.80 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next months production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,758 pounds.

Required:

  1. Determine budgeted production for April, May, and June.
  2. Determine budgeted cost of direct materials purchased for April and May. image text in transcribed image text in transcribed
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. 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. 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. 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

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