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Thomas Co. manufactures leather briefcases and carryalls. Thomas's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather
Thomas Co. manufactures leather briefcases and carryalls. Thomas's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Thomas maintains an ending inventory of leather fabric equal to 25% of the next month's production needs. February March April May June Budgeted production 51100 43400 60600 63400 57600 If each yard of leather fabric costs $8.50, how much should Thomas budget for purchases of fabric in April? $618120 $625260 $779790 $525895
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