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Make Direct Materials Budget The management desires an ending finished goods inventory equal to 30% of next quarter's sales. Sales for the first quarter of
Make Direct Materials Budget
The management desires an ending finished goods inventory equal to 30% of next quarter's sales. Sales for the first quarter of 2014 are estimated to be 42,000. The management desires an ending inventory of raw materials equal to 15% of the next quarter's production requirements. Production for the first quarter of 2014 is estimated to be 225,000. The manufacture of each case requires 12 pounds of raw materials. The cost per pound of raw materials is $0.30Step by Step Solution
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