Question
The following are budgeted data: January February March Sales in units 16,100 22,200 19,100 Production in units 19,100 20,100 18,600 One pound of material is
The following are budgeted data:
| January | February | March | |||||||
| Sales in units | 16,100 | 22,200 | 19,100 | ||||||
| Production in units | 19,100 | 20,100 | 18,600 | ||||||
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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Introduction To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
2nd Canadian Edition
0070964777, 9780070964778
