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The following are budgeted data: Sales in units Production in units January February March 15,800 21,600 18,800 18,800 19,800 17,700 One pound of material is
The following are budgeted data: Sales in units Production in units January February March 15,800 21,600 18,800 18,800 19,800 17,700 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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