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Wilco Inc., a manufacturer of accounting books, projects sales for the first six months of 2023 as follows: Each book requires 5 yards of wood
Wilco Inc., a manufacturer of accounting books, projects sales for the first six months of 2023 as follows: Each book requires 5 yards of wood pulp at a cost of $8 per yard and 3 ounces of ink at a cost $3 per ounce. Raw materials inventory on December 31,2022 is 10,000 yards of wood pulp and 8,000 ounces of ink. Wilco wants ending raw materials inventory each month to equal 30% of the next month's budgeted production needs. What is Wilco's budgeted purchases of ink for April (in dollars)? $756,000 $999,999 $810,000 $3,360,000
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