Question
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units April 2,520 May 2,440 June 2,390 The target ending
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows.
Month Units
April 2,520
May 2,440
June 2,390
The target ending inventory of finished products is as follows.
March 31 2,010
April 30 2,280
May 31 2,170
June 30 2,330
2 units of material are required for each unit of finished product. Production for July is estimated at 2,750 units to start building inventory for the fall sales period. Rensings policy is to have an inventory of raw materials at the end of each month equal to 50% of the following months production requirements.
Raw materials are expected to cost $7 per unit throughout the period.
Calculate the May raw materials purchases in dollars.
Raw material purchases cost $ 34610 IS WRONG..
Can someone help please don't understand this problem
i have also gotten for answers that were wrong:
34610
34153
32620 x2
i only have 1 more chance left
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