Question
The following are budgeted data: January February March Sales in units 16,800 23,600 19,800 Production in units 19,800 20,800 19,700 One pound of material is
The following are budgeted data:
| January | February | March | |||||||
| Sales in units | 16,800 | 23,600 | 19,800 | ||||||
| Production in units | 19,800 | 20,800 | 19,700 | ||||||
One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:
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Management Accounting Text Problems And Cases
Authors: M. Y. Khan, P K Jain
7th Edition
9352606787, 978-9352606788
