Croy Incorporated has the following projected sales for the next five months: Sales in Units 3,520 3,845 Month April May June July August 4,540 4,115 3,990 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials cost $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,683 pounds. Required: 1. Determine budgeted production for April, May, and June 2. Determine budgeted cost of direct materials purchased for April and May.
Croy Incorporated has the following projected sales for the next five months: Sales in Units 3,520 3,845 Month April May June July August 4,540 4,115 3,990 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials cost $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,683 pounds. Required: 1. Determine budgeted production for April, May, and June 2. Determine budgeted cost of direct materials purchased for April and May.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
![Required:
1. Determine budgeted production for April, May, and June.
2. Determine budgeted cost of direct materials purchased for April and May.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Determine budgeted cost of direct materials purchased for April and May.
Note: Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal plac
April
Budgeted Cost of Material Purchased
May](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F03fffa09-c90e-4a88-b75a-9558047b2c93%2F3ee08174-4796-4da1-ab85-826b37053775%2F4tleipe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required:
1. Determine budgeted production for April, May, and June.
2. Determine budgeted cost of direct materials purchased for April and May.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Determine budgeted cost of direct materials purchased for April and May.
Note: Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal plac
April
Budgeted Cost of Material Purchased
May
![es
Croy Incorporated has the following projected sales for the next five months:
Sales in
Units
3,520
3,845
4,540
4,115
3,990
Month
April
May
June
July
August
Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month, Direct
materials cost $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next
month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,683 pounds.
Required:
1. Determine budgeted production for April, May, and June.
2. Determine budgeted cost of direct materials purchased for April and May.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Determine budgeted production for April, May, and June.
Note: Do not round your intermediate calculations and round your final answers to the nearest whole number.
Budgeted Production (Units)
April
May
Brodit
June
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F03fffa09-c90e-4a88-b75a-9558047b2c93%2F3ee08174-4796-4da1-ab85-826b37053775%2Fynipi5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:es
Croy Incorporated has the following projected sales for the next five months:
Sales in
Units
3,520
3,845
4,540
4,115
3,990
Month
April
May
June
July
August
Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month, Direct
materials cost $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next
month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,683 pounds.
Required:
1. Determine budgeted production for April, May, and June.
2. Determine budgeted cost of direct materials purchased for April and May.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Determine budgeted production for April, May, and June.
Note: Do not round your intermediate calculations and round your final answers to the nearest whole number.
Budgeted Production (Units)
April
May
Brodit
June
Required 2 >
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