Chapter 10 - Assignment 1 Ray Company's projected sales budget for the next four months is as follows: Units January 70,000 February 90,000 March 55,000 April 65,000 Beginning inventory for the year is 21,000 units. Ending inventory for each month should be 30% of the next month's sales. Additionally, 3 pounds of raw material are used to make each unit at a cost of $5 per pound. Ray has a policy of keeping 20% of the following month's budgeted direct material needs on hand at the end of each month. a) How many units should the company produce in January? b) How much should Ray budget for raw material purchases in February? Mailings Review View Help Tell me what you want to do Enable Editing viruses. Unless you need to edit it's safer to stay in Protected View. ce product is inactive. To use for free the Web version Activate Use free at Office.com ACCT308 Problem Set 3 1. Coffee Beverages processes coffee and bottles it as Frappuccino, Cappuccino, and Americano. During the year the joint costs of processing the coffee were $270,000. There were no beginning or ending inventories. Production and sales value information were as follows: Sales Value Product Cases at Split-Off Separable Costs Final Selling Price Frappuccino 300,000 $2,700,000 $5.00 per case $32 per case Cappuccino 200,000 $1,600,000 $3.00 per case $30 per case Americano 400,000 $2,800,000 $2.00 per case $20 per case a. Allocate the joint costs using the physical output method. RAMES o