General Manufacturing expects to have 51,000 pounds of raw materials inventory on hand on June 30,...
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General Manufacturing expects to have 51,000 pounds of raw materials inventory on hand on June 30, the end of the current year. The company has budgeted the following production for the first four months of the coming year: July August September October Production (units) 111,e00 131, e00 161, 000 121, e00 General Manufacturing desires each month's ending raw materials inventory to be 30% of the following month's production needs. A finished unit requires two pounds of raw materials. General Manufacturing's budgeted purchases of raw materials during July (in Ibs.) should be: Multiple Cholce 222,000 Ibs. 78,600 Ibs. 300,600 Ibs. 379,200 Ibs. 249.600 Ibs. General Manufacturing expects to have 51,000 pounds of raw materials inventory on hand on June 30, the end of the current year. The company has budgeted the following production for the first four months of the coming year: July August September October Production (units) 111,e00 131, e00 161, 000 121, e00 General Manufacturing desires each month's ending raw materials inventory to be 30% of the following month's production needs. A finished unit requires two pounds of raw materials. General Manufacturing's budgeted purchases of raw materials during July (in Ibs.) should be: Multiple Cholce 222,000 Ibs. 78,600 Ibs. 300,600 Ibs. 379,200 Ibs. 249.600 Ibs.
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Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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