The following are budgeted data: January February March Sales in units 16,800 23,600 19,800 Production in...
The following are budgeted data:
| January | February | March | |||||||
| Sales in units | 16,800 | 23,600 | 19,800 | ||||||
| Production in units | 19,800 | 20,800 | 19,700 | ||||||
One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:
Garrison 16e Rechecks 2017-10-03
Multiple Choice
20,680 pounds
21,020 pounds
18,220 pounds
20,580 pounds
Homework Answers
| February | ||
| Production in units | 20800 | |
| Materials per unit | 1 | |
| Total materials for production | 20800 | |
| Add: Desired ending inventory for materials | 3940 | =19700*1*20% |
| Total materials required | 24740 | |
| Less: Beginning inventory for materials | 4160 | =20800*20% |
| Purchases of raw materials for February | 20580 | |
| Option 4 20,580 pounds is correct | ||
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The following are budgeted data:
January
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