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Question 2 of 11 Pronghorn Industries has budgeted the following unit sales: 2022 Units January 10,000 February 8.500 March 9.000 April 11,500 14,500 -/12:
Question 2 of 11 Pronghorn Industries has budgeted the following unit sales: 2022 Units January 10,000 February 8.500 March 9.000 April 11,500 14,500 -/12: May The finished goods units on hand on December 31, 2021 was 2.000 units. Each unit of finished goods requires 2 pounds of direct materials that are estimated to cost an average of $5 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. The company also has a policy of maintaining a direct materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 5,820 pounds of direct materials on hand at December 31.2021. O
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