Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE SOLVE ASAP Gorley Company produces two products, regular and super. The following data pertain to the planned production, direct materials requirements, and inventory levels
PLEASE SOLVE ASAP
Gorley Company produces two products, regular and super. The following data pertain to the planned production, direct materials requirements, and inventory levels for the coming month are: Regular 8,200 units Super Budgeted Production 5,400 units Materials requirement Material C7 5 units Material C8 8 units 3 units 9 units Raw material inventory Beginning Ending price per unit C7 3,200 7,800 $ 6 C 8 15,000 18,000 S4 Required A. Calculate the amount of raw materials (in units) necessary to produce the two products and the total cost of materials used in production. Month and the total cost. Material C7 (Regular $147,600, Super $162,000) Material C8 (Regular $ 295,200, Super $172,800) B. Calculate the amount of raw materials (in units) to be purchased during the month and the total cost of direct materials purchases. Material C7 (S 337,200), Material C8 ($480,00) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started