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The following are budgeted data: January February March Sales in units 15,500 21,000 18,500 Production in units 18,500 19,500 17,400 One pound of material is
The following are budgeted data:
January | February | March | |||||||
Sales in units | 15,500 | 21,000 | 18,500 | ||||||
Production in units | 18,500 | 19,500 | 17,400 | ||||||
One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 30% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:
Multiple Choice
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19,970 pounds
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18,630 pounds
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18,870 pounds
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20,130 pounds
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