Simple Manufacturing Company makes units that each requires 4 pounds of material at $4 per pound. Simple Manufacturing is planning that 550 and 650 units will be built in May and June, respectively. This is a brand new product so there is no beginning inventory. Simple Manufacturing desires to keep material on hand equal to 30% of the next month's production needs. Use this information to determine total cost of May's raw material purchases. Round answer to closest dollar. (no cents)

Answer rating: 100% (QA)

To determine the total cost of Mays raw material purchases we first need to ... View the full answer