Use the following information to answer questions 24 - 25: Crosby Company expects to sell 15,000...
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Use the following information to answer questions 24 - 25: Crosby Company expects to sell 15,000 units during the quarter. Each unit requires two pounds of raw materials at $8 per pound. Inventories at the beginning of the quarter are as follows: raw materials = 2,000 pounds; finished goods 1,000 units. The desired inventories at the end of the quarter are as follows: raw materials = 1,000 pounds; finished goods = 2,000 units. = 24. What is the planned production of finished units for the quarter? a. 13,000 units. b. 14,000 units. c. 15,000 units. d. 16,000 units. e. 17,000 units. 25. What is the planned raw materials purchases in dollars for the quarter? a $232,000. b. $240,000. 6. $248,000 d. $256/000 e. None of the above Use the following information to answer questions 24 - 25: Crosby Company expects to sell 15,000 units during the quarter. Each unit requires two pounds of raw materials at $8 per pound. Inventories at the beginning of the quarter are as follows: raw materials = 2,000 pounds; finished goods 1,000 units. The desired inventories at the end of the quarter are as follows: raw materials = 1,000 pounds; finished goods = 2,000 units. = 24. What is the planned production of finished units for the quarter? a. 13,000 units. b. 14,000 units. c. 15,000 units. d. 16,000 units. e. 17,000 units. 25. What is the planned raw materials purchases in dollars for the quarter? a $232,000. b. $240,000. 6. $248,000 d. $256/000 e. None of the above
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Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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