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Farmersville Corporation has the following budgeted sales for the selected six - month period: There were 7 , 5 0 0 units of finished goods
Farmersville Corporation has the following budgeted sales for the selected sixmonth period: There were units of finished goods in inventory at the beginning of January. Plans are to have an inventory of finished product equal to percent of the unit sales for the next month. Three pounds of materials are required for each unit produced. Each pound of material costs $ Inventory levels for materials equal percent of the needs for the next month. Materials inventory on January was pounds. Required: a Prepare production budgets in units for February and March, b Prepare a purchases budget in pounds and dollars for February and March.
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