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Maria, Incorporated, is preparing its master budget for the second quarter. The following sales and production data have been forecasted: June July August September Budgeted
Maria, Incorporated, is preparing its master budget for the second quarter. The following sales and production data have been forecasted:
June | July | August | September | |
---|---|---|---|---|
Budgeted production Units | 570 | 640 | 684 | 600 |
Finished goods inventory on May31: 250 units
Raw materials inventory on May 31: 692 pounds Desired ending inventory each month: Raw materials: 20% of next month's production needs Number of pounds of raw material required per finished unit: 5 pounds Required: Calculate the amount of purchases of raw materials in pounds for June and July
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