Managerial Accounting Help Needed!!?

Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows
MONTH UNITS
April 2570
May 2440
June 2360
The target ending inventory of finished products is as follows.
March 31 2020
April 30 2260
May 31 2160
June 30 2370
2 units of material are required for each unit of finished product. Production for July is estimated at 2,780 units to start building inventory for the fall sales period. Chandler’s policy is to have an inventory of raw materials at the end of each month equal to 60% of the following month’s production requirements.
Raw materials are expected to cost $6 per unit throughout the period.
Calculate the May raw materials purchases in dollars.
The May raw material purchases cost $????
Thank You!!!

Both comments and pings are currently closed.

Comments are closed.

Powered by WordPress | Designed by: free css template | Thanks to hostgator coupon and web hosting reviews