Pelican Co. is forecasting sales of 40,300 units of product for October. To make one unit of
Question:
Pelican Co. is forecasting sales of 40,300 units of product for October. To make one unit of finished product, 10 pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:
Required:
a. Calculate the number of units of product to be produced during October.
b. Calculate the number of pounds of raw materials to be purchased duringOctober.
Transcribed Image Text:
October 1 (Actual) 48,550 3,850 October 31 (Desired) 44,300 5,400 Raw materials (pounds) Finished goods (unts)... .
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a Use the Cost of Goods Sold model Beginning inventory Finished Goods 3850 Add Production 41850 Good...View the full answer
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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