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*The Tori Company had budgeted production for the year as follows: Quarter 1 2 3 4 Production in units 10,400 12,400 18,300 14,400 Three pounds
*The Tori Company had budgeted production for the year as follows:
Quarter | 1 | 2 | 3 | 4 |
Production in units | 10,400 | 12,400 | 18,300 | 14,400 |
Three pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,400 lbs. The raw materials inventory at the end of each quarter should equal 15% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the third quarter would be:
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