6 Required information. [The following information applies to the questions displayed below] Shadee Corporation expects to sell 610 sun shades in May and 420 in June. Each shade sells for $166. Shadee's beginning and ending finished goods inventories for May are 80 and 45 shades, respectively. Ending finished goods Inventory for June will be 65 shades. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 100 poles in inventory on June 30 Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Closures Purchased May June

6 Required information. [The following information applies to the questions displayed below] Shadee Corporation expects to sell 610 sun shades in May and 420 in June. Each shade sells for $166. Shadee's beginning and ending finished goods inventories for May are 80 and 45 shades, respectively. Ending finished goods Inventory for June will be 65 shades. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 100 poles in inventory on June 30 Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Closures Purchased May June

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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