Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The marketing department of Gacber industries has submitted the following sales forecast for the upcoming fiscal year: The company expects to start the first quarter

image text in transcribed
image text in transcribed
The marketing department of Gacber industries has submitted the following sales forecast for the upcoming fiscal year: The company expects to start the first quarter with 1.620 units in finished goods inventory Management desires an ending finished goods Inventory in each quarter equal to 20% of the next quarter's budgeted soles. The desired ending tinistied goods inventory for the fourth quarter is 1,810 units. In addition, the beginning raw materiots inventory for the first quarter is budgeted to be 4,220 kllograms and the beginning accounts payable for the first quarter are budgeted to be $15,920. Each unit requiles two kilograms of raw material that costs $5 per kilogram. Management desires to end each quater with an inventory of raw materials equal to 20% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3,250 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quartef Required: 2-b. Prepare the schedule of expected cash disbursements for materials for the upcoming fiscal year, (Round your answer to the nearest whole dollar amount.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What is capital surplus?

Answered: 1 week ago

Question

> Defend the use of codes of ethics as ethical tools.

Answered: 1 week ago

Question

5-8 What are the advantages and disadvantages of the BYOD movement?

Answered: 1 week ago