Question 4

Please show how you get all numbers so I understand how to do the problem!

X Your answer is incorrect. Rensing Ltd. estimates sales for the second quarter of 2020 will be as follows. Month Units April 2,540 May June 2.400 2,320 The target ending inventory of finished products is as follows. March 31 April 30 May 31 June 30 2,020 2,280 2,140 2,340 2 units of material are required for each unit of finished product. Production for July is estimated at 2,660 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 60% 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 $ 27,984 e Textbook and Media Save for Later Attempts: unlimited Submit Answer Assignment sent to Gradebook. Your grade is being recorded. Mon, May 11, 2020, 2:28:23 PM (America/Chicago -05:00) Previous Next