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The following are budgeted data: January February March Sales in units 16,400 22,800 19,400 Production in units 19,400 20,400 18,900 One pound of material is
The following are budgeted data:
January | February | March | |||||||
Sales in units | 16,400 | 22,800 | 19,400 | ||||||
Production in units | 19,400 | 20,400 | 18,900 | ||||||
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:
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