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Croy Incorporated has the following projected sales for the next five months: Croy's finished goods inventory policy is to have 50 percent of the next
Croy Incorporated has the following projected sales for the next five months: 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. Direct materlals cost $3.30 per pound, and each unit requires 2 pounds. Direct materlals inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materlals on hand at March 31 totaled 3,675 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. 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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