What will the raw material purchases be in June? Next month's budgeted sales for TMP is...
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What will the raw material purchases be in June? Next month's budgeted sales for TMP is 18,000 units. Each unit of product TMP uses 6 kilograms of raw materials. The production and inventory budgets for June 2021 are as follows: Raw materials Finished goods Opening Inventory 21,000 kgs. 15,000 units Planned Ending Inventory 24,400 kgs. 11,400 units During the production process, it is usually found that 10% of production units are scrapped as defective and this loss occurs after the raw materials have been placed in process. What will the raw material purchases be in June? Next month's budgeted sales for TMP is 18,000 units. Each unit of product TMP uses 6 kilograms of raw materials. The production and inventory budgets for June 2021 are as follows: Raw materials Finished goods Opening Inventory 21,000 kgs. 15,000 units Planned Ending Inventory 24,400 kgs. 11,400 units During the production process, it is usually found that 10% of production units are scrapped as defective and this loss occurs after the raw materials have been placed in process.
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SOLUTION To calculate the raw material purchases for June we need to first calculate the total amoun... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781259275814
11th Canadian Edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
Posted Date:
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