Question
The following budgeted information is provided: Month 1 2 3 Sales in units 18,000 23,000 21,000 Production in units 19,000 25,000 18,000 One pound of
The following budgeted information is provided:
| Month | 1 | 2 | 3 |
| Sales in units | 18,000 | 23,000 | 21,000 |
| Production in units | 19,000 | 25,000 | 18,000 |
One pound of materials 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. At the beginning of Month 1, there were 4,750 lbs. of materials on hand. Purchases of raw materials for Month 1 would be (in pounds):
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
12th edition
1305084853, 978-1305464803, 130546480X, 978-1305799448, 978-1305084858
