Four pounds of raw materials are needed in the production of one finished unit. Forecasted production for
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Four pounds of raw materials are needed in the production of one finished unit. Forecasted production for the months October, Year 1, through December, Year 1, is as follows: October: 4,300 units November: 10,000 units December: 3,000 units Required ending inventory of raw materials for the month of October should be enough for the next 60 days, or enough to produce 13,000 finished units. October beginning inventory of raw materials is 5,000 pounds.
What is Freedom Rock’s amount of budgeted raw materials purchases for October?
Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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