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The following are budgeted data: January February March Sales in units 15,700 21,400 18,700 Production in units 18,700 19,700 17,600 One pound of material is
The following are budgeted data: January February March Sales in units 15,700 21,400 18,700 Production in units 18,700 19,700 17,600 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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