The following budgeted information is provided: Month 1 2…
The following budgeted information is provided: Month 1 2 3 Sales in units 31,000 36,000 34,000 Production in units 32,000 38,000 31,000 One pound of materials 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. At the beginning of Month 1, there were 6,400 pounds of materials on hand. What would be the purchases of raw materials (in pounds) for Month 1?
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