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Pepper Corp. manufactures and sells clown costumes. Data from Pepper's master budget for the next several months are shown below: Budgeted sales in units January
Pepper Corp. manufactures and sells clown costumes. Data from Pepper's master budget for the next several months are shown below: Budgeted sales in units January February March April May Pepper's management desires to maintain an ending finished goods inventory of of the next month's sales, as well as an ending raw materials inventory of of the next month's production need. Each costume requires four yards of cloth; each yard of cloth costs $ Sixty percent of material purchases are paid in the month of purchase, forty percent in the month following purchase. How much cash should Pepper plan to pay in March for direct materials?
Pepper Corp. manufactures and sells clown costumes. Data from Pepper's master budget for the next several months are shown below:
Budgeted sales in units
January
February
March
April
May
Pepper's management desires to maintain an ending finished goods inventory of of the next month's sales, as well as an ending raw materials inventory of of the next month's production need. Each costume requires four yards of cloth; each yard of cloth costs $ Sixty percent of material purchases are paid in the month of purchase, forty percent in the month following purchase. How much cash should Pepper plan to pay in March for direct materials?
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