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Sherman has budgeted sales for the upcoming quarter as follows: April May June Units 1,800 2,100 1,950 The desired ending finished goods inventory for each
Sherman has budgeted sales for the upcoming quarter as follows:
April | May | June | |
---|---|---|---|
Units | 1,800 | 2,100 | 1,950 |
The desired ending finished goods inventory for each month is one-half of next month's budgeted sales. Three pounds of direct material are required for each unit produced. If direct material costs $6 per pound, and must be paid for in the month of purchase, the budgeted direct materials purchases (in dollars) for April are:
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