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v Croy Inc. has the following projected soles for the next five months: Croy's finished goods inventory policy is to have 50 percent of the
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Croy Inc. has the following projected soles for the next five months: Croy's finished goods inventory policy is to have 50 percent of the next month's soles on hand at the end of eoch month. Direct materials costs $3.00 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hised ot the end of each month. Direct moterials on hand at March 31 totoled 3,660 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Determine budgeted production for April, May, and June, (Da not round your intermediate calculations and round your final answers to the nearest whole number.) Complete this question by entering your answers in the tabs below. Detemine budgeted cost of materials purchased for April and May. (Use rounded Budgeted Production units in intermediate calculations. Found your onswers to 2 decimal places.) Step by Step Solution
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