Shadee Corporation expects to sell 510 sun shades in May and 420 in June. Each shade...
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Shadee Corporation expects to sell 510 sun shades in May and 420 in June. Each shade sells for $146. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 70 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 120 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Answer is complete but not entirely correct. May June Budgeted Cost of Poles Purchased $ 19,900 $ 17,200 Shadee Corporation expects to sell 510 sun shades in May and 420 in June. Each shade sells for $146. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 70 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 120 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Answer is complete but not entirely correct. May June Budgeted Cost of Poles Purchased $ 19,900 $ 17,200
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