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Sales units : January =150,000, February =220511 , march =170400 . Encoding finished goods inventory = 25% of the next months expected sales units .
Sales units : January =150,000, February =220511 , march =170400 . Encoding finished goods inventory = 25% of the next months expected sales units . Ending raw materials inventory =40% of the next months production requirements . Please tell me what is the ending finished goods inventory and the beginning finished goods inventory for the month of February and what is the ending raw materials inventory and the beginning raw materials inventory for the month February . Additional information : -The selling price of the product is budgeted to be $45.
-4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound.
- One hour of direct manufacturing labor are needed to produce one unit and the wage rate is expected to be $10.
- Manufacturing overhead is allocated as $4 per.direct manufacturing labor hour.
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