Blossom Company has 2,090 kg of raw materials in its December 31, 2022, ending inventory. Required...
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Blossom Company has 2,090 kg of raw materials in its December 31, 2022, ending inventory. Required production for January and February is 4,960 and 6,200 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $5. Management wants an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. Blossom Company has 2,090 kg of raw materials in its December 31, 2022, ending inventory. Required production for January and February is 4,960 and 6,200 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $5. Management wants an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January.
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To prepare the direct materials budget for January we need to calculate the total raw materials requ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
Posted Date:
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