Assume the sales budget for April and May is 41,000 units and 43,000 units, respectively. The production budget for the same two months is 38, 000 units and 39, 000 units, respectively. Each unit of finished goods required 3 pounds of raw materials. The company always maintains raw materials inventory equal to 25% of the following month's production needs. How many pounds of raw material need to be purchased in April? Multiple Choice 114,750 118,650 116,750 114,250

Assume the sales budget for April and May is 41,000 units and 43,000 units, respectively. The production budget for the same two months is 38, 000 units and 39, 000 units, respectively. Each unit of finished goods required 3 pounds of raw materials. The company always maintains raw materials inventory equal to 25% of the following month's production needs. How many pounds of raw material need to be purchased in April? Multiple Choice 114,750 118,650 116,750 114,250

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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