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The following are budgeted data: January February March Sales in units 15,200 20,400 18,200 Production in units 18,200 19,200 17,100 One pound of material is
The following are budgeted data:
January | February | March | |||||
Sales in units | 15,200 | 20,400 | 18,200 | ||||
Production in units | 18,200 | 19,200 | 17,100 |
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
18,630 pounds
19,830 pounds
19,670 pounds
18,570 pounds
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