Question
XYZ Corporation makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished
XYZ Corporation makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. Each pound costs $10. If 61,000 pounds of raw materials are required for production in March, what is the budgeted raw material purchases for February? $______________________ Do the production budgets needed to get the answer for the question above: Next do the direct materials budgets for the months needed to get the answer above:
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