Question
The following are budgeted data: January February March Sales in units 16,900 23,800 19,900 Production in units 19,900 20,900 20,000 One pound of material is
The following are budgeted data:
| January | February | March | |||||||
| Sales in units | 16,900 | 23,800 | 19,900 | ||||||
| Production in units | 19,900 | 20,900 | 20,000 | ||||||
One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:
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Lease Audits The Essential Guide
Authors: Theodore H Hellmuth
1st Edition
0934055041, 978-0934055048
