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Lubriderm Corporation has the following budgeted unit sales for the next six - month period: There were 3 0 , 0 0 0 units of
Lubriderm Corporation has the following budgeted unit sales for the next sixmonth period:
There were units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal of the unit sales
for the next month.
Five pounds of materials are required for each unit produced. Each pound of material costs $ Inventory levels for materials are equal to of the needs for the
next month. Materials inventory on June was pounds.
Required:
a Prepare production budgets in units for July, August, and September.
b Prepare a purchases budget in pounds for July, August, and September, and give total purchases in both pounds and dollars for each month.
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