Question
still industries manufactures flonium, for each unit of flonium, 50kg of flonium is required.The projected sales in units are: January February March April Sales 1,000
still industries manufactures flonium, for each unit of flonium, 50kg of flonium is required.The projected sales in units are:
January | February | March | April | |
Sales | 1,000 | 1,200 | 1,500 | 1,600 |
The projected production requirements for the nect four months are:
January | February | March | April | |
Production | 1,020 | 1,230 | 1,510 | 1,460 |
For direct materials, ending inventory is required to be 15% of the next month's production needs.For finished goods , ending inventory should be 10% of the next month's sales.Each kilogram of flonium costs $2.There are no work-in-process accounts.Direct labour for the next quarter is estimated at $56,250.Fixed overhead for the quarter is $100,000, and variable overhead is $3 per unit produced.The opening balance in finished goods on January 1 is 10% of estimated sales and is $14,500 .The company uses first-in, first -out(FIFO). All prices have remained stable over the eprios.
What is the budgeted cost of goods sold for the quarter ending March 31?
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