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Raw Materials Purchases Budget 2020 2021 October November December QUARTER January Units (Sweaters) Produced Total Yards of Wool Used in Production Plus: Desired Wool in
Raw Materials Purchases Budget | ||||||
2020 | 2021 | |||||
October | November | December | QUARTER | January | ||
Units (Sweaters) Produced | ||||||
Total Yards of Wool Used in Production | ||||||
Plus: Desired Wool in Ending Inventory | ||||||
Total Wool Required | ||||||
Less: Wool in Beginning Inventory | ||||||
RAW MATERIALS PURCHASES (UNITS) | ||||||
Cost per yard | ||||||
RAW MATERIALS PURCHASES (COST) |
Lexie's Wool Sweaters | ||||
Balance Sheet | ||||
As of September 30, 2020 | ||||
ASSETS | LIABILITIES & EQUITIES | |||
Cash | $ 150,000.00 | Accounts Payable | $ 14,500.00 | |
Accounts Receivable | $ 75,000.00 | Notes Payable | $ - | |
Raw Materials Inventory | $ 28,929.60 | Interest Payable | $ - | |
Finished Goods Inventory | $ 61,125.00 | TOTAL LIABILITIES | $ 14,500.00 | |
PP&E, net | $ 487,000.00 | Retained Earnings | $ 787,554.60 | |
TOTAL ASSETS | $ 802,054.60 | TOTAL LIABILITIES & EQUITY | $ 802,054.60 | |
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