Question: Need answer in proper explanation and in step by step form Croy Inc has the following projected sales for the next five months Month Sales
Need answer in proper explanation and in step by step form
Croy Inc has the following projected sales for the next five months Month Sales Units April 3,540 May 3,830 June 4,530 July 4,185 August 3,340 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month Direct materials costs $290 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 2,685 pounds Required: 1. Determine budgeted production for April, May, and June 2. Determine budgeted cost of sterials purchased for April and May, Complete this question by entering your answers in the tabu below
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