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Current Attempt in Progress * Your answer is incorrect. Sunland Ltd. estimates sales for the second quarter of 2022 will be as follows. Month April 2,390 May 2,490 June 2,260 Units

Current Attempt in Progress * Your answer is incorrect. Sunland Ltd. estimates sales for the second quarter of 2022 will be as follows. Month April 2,390 May 2,490 June 2,260 Units

FINANCIAL ACCOUNTING
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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Current Attempt in Progress * Your answer is incorrect. Sunland Ltd. estimates sales for the second quarter of 2022 will be as follows. Month April May June Units March 31 April 30 May 31 June 30 2,390 2,490 2,260 The target ending inventory of finished products is as follows. 1,880 2,060 2,040 2,200 Two units of materials are required for each unit of finished product. Production for July is estimated at 2,510 units to start building inventory for the fall sales period. Sunland's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases cost $ 19800
Transcribed Image Text:Current Attempt in Progress * Your answer is incorrect. Sunland Ltd. estimates sales for the second quarter of 2022 will be as follows. Month April May June Units March 31 April 30 May 31 June 30 2,390 2,490 2,260 The target ending inventory of finished products is as follows. 1,880 2,060 2,040 2,200 Two units of materials are required for each unit of finished product. Production for July is estimated at 2,510 units to start building inventory for the fall sales period. Sunland's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases cost $ 19800
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