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Please show all working. 13 Zoila Limited provides the following information from its sales budget for 2017. Units January February March April May June 10,000
Please show all working.
13 Zoila Limited provides the following information from its sales budget for 2017. Units January February March April May June 10,000 11,000 11,000 12,000 12,000 14,000 Sales price per unit $ 20 20 21 21 21 24 Additional Information Inventory of finished goods at each month end is maintained at 20% of the units expected to be sold in the following month. Finished Stock at December 2015 was 2 000 units Each unit requires 0.5 kilos of raw materials which costs $3 a kilo Inventory of raw materials is maintained at 50% of the expected usage in the following month. Raw Materials inventory at December 2016 was 2 550 kilos REQUIRED [3 marks) (A) Prepare the production budget for each of the five months January to May 2017 (B) Prepare the purchases budget for raw materials for each of the four months January to April 2017. Show purchases of raw materials in both kilos and dollarsStep by Step Solution
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