Question
Your answer is incorrect.Try again. Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units Apili 2,500 May 2,490
Your answer is incorrect.Try again.
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows.
Month Units
Apili 2,500
May 2,490
June 2,330
The target ending inventory of finished products is as follows.
March 312,010
April 302,250
May 312,180
June 302,400
2 units of material are required for each unit of finished product. Production for July is estimated at 2,660 units to start building inventory for the fall sales period. Rensing's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements.
Raw materials are expected to cost $4 per unit throughout the period.
I need to calculate May raw materials purchases in dollars.
Raw material purchases cost$ ___________
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