Croy Incorporated has the following projected sales for the next five months: Month Sales in Units April
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Question:
Croy Incorporated has the following projected sales for the next five months:
Month Sales in Units
April
May
June
July
August
Croys finished goods inventory policy is to have percent of the next months sales on hand at the end of each month. Direct materials cost $ per pound, and each unit requires pounds. Direct materials inventory policy is
to have percent of the next months production needs on hand at the end of each month. Direct materials on hand at March totaled pounds.
Required:
Determine budgeted production for April, May, and June.
Determine budgeted cost of direct materials purchased for April and May.
Expert Answer:
To determine the budgeted production for April May and June we need to calculate the required invent... View the full answer
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