Alliance Company's budgets production of 27,000 units in January and 31,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 37,800 pounds. What is the budgeted materials cost for January? Multiple Choice $270,000. $378,500. $175,500. $284,000. $203,000.

Alliance Company's budgets production of 27,000 units in January and 31,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 37,800 pounds. What is the budgeted materials cost for January? Multiple Choice $270,000. $378,500. $175,500. $284,000. $203,000.

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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Question

Please do not give solution in image format thanku

Alliance Company's budgets production of 27,000 units in January and 31,000 units in the February. Each finished
unit requires 4 pounds of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory
should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 37,800
pounds. What is the budgeted materials cost for January?
Multiple Choice
$270,000.
$378,500.
$175,500.
$284,000.
$203,000.

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