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I need help. On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June
I need help.
On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units:First quarter 6,000; second quarter 6,900; third quarter 7,400 Ending raw materials inventory: 40% of the next quarter's production requirements Ending finished goods inventory: 25% of the next quarter's expected sales units Third-quarter production:7,840 units. rhe ending raw materials and finished goods inventories at December 31, 2016, follow the same percentage relationships to production and sales that Dccur in 2017. 4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound
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