Exercise 23-7 Rensing Ltd. estimates sales for the second quarter of 2017 will be Units Month April May June 2,520 2.460 2,360 The target ending inventory of finished products is as follows. March 31 2,050 April 30 2,230 May 31 2.100 June 30 2,300 2 units of material are required for each unit of finished product Production for July is estimated at 2,690 units to start building inventory for the fall sales period. Rensing's policy is to have an Inventory of raw materials at the end of each month equal to 50% of the following month's production requirements Raw materials are expected to cost $6 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases cost PULL SCREEN PRINTER VERSION OR NOT Exercise 24-2 Your answer is partially correct. Try again. Crede Company budgeted selling expenses of $30,100 in January, $34,300 in February, and $39,900 in March. Actual sing expenses were $32.100 in January $33. in February, and $46,000 in March Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. CREDE COMPANY Selling Expense Report For the quarter Ending March 31 Month Difference 007 vorable Unte purch 39900