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Quarter First Second Third Fourth Sales(units) 10,000 12,000 16,000 14,000 Production(units) 10,600 12,400 15,800 14,100 Five pounds of raw materials are required for each unit
Quarter | First | Second | Third | Fourth |
Sales(units) | 10,000 | 12,000 | 16,000 | 14,000 |
Production(units) | 10,600 | 12,400 | 15,800 | 14,100 |
Five pounds of raw materials are required for each unit of the product. According to company policy, the raw materials inventory at the end of each qurter should equal 20% of the next qurter's production needs.
Q. The budgeted purchases for second quarter raw materials should be:
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