If there were 100,000 pounds of raw materials on hand on January 1, 250,000 pounds are desired for inventory at January 31, and $75,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? O 425,000 pounds 725.000 pounds O 545,000 pounds O 470,000 pounds

If there were 100,000 pounds of raw materials on hand on January 1, 250,000 pounds are desired for inventory at January 31, and $75,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? O 425,000 pounds 725.000 pounds O 545,000 pounds O 470,000 pounds

Name: If there were 100,000 pounds of raw materials on hand on January 1, 2
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Description: If there were 100,000 pounds of raw materials on hand on January 1, 250,000 pounds are desired forinventory at January 31, and 575,000 pounds are required for January production, how many poundsof raw materials should be purchased in January?O 425,0

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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Motorcycle Manufacturers, Inc. projected sales of 60,000 machines for the year. The estimated January 1 inventory is 6,240 units, and the desired December 31 inventory is 7,120 units. What is the budgeted production (in units) for the year? a.60,880 b.60,000 c.46,640 d.59,120
Beginning raw material inventory: 51000 grams Ending raw inventory: 40000 grams raw materials to be purchased during the year: 158,000 grams If each unit of finished goods requires 10 grams of raw materials, how many units of product are expected to be manufactured during the year?
Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 18,000 Desired inventory (units), March 31 19,100 Expected sales volume (units): Area M 7,000 Area L 9,100 Area O 7,400 Unit sales price $14 The number of units expected to be manufactured in March is
2. Muddy Waters Industries has projected sales of its product for the next 6 months: 300 units January February 700 units March 1,000 units April Мay 1,000 units 400 units June 300 units Each unit is sold at $40 per unit. The cost of goods sold is typically 40% of the month's budgeted sales revenue. Muddy Waters tries to maintain a Finished Goods ending inventory equal to the 60% of next month's cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and April
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20.
Assume a company’s sales budget for April and May is 39,000 units and 41,000 units, respectively. Its production budget for the same two months is 36,000 units and 37,000 units, respectively. Each unit of finished goods required 5 pounds of raw materials. The company always maintains raw materials inventory equal to 25% of the following months production needs.Also assume the company pays $2.40 per pound of raw material. It always pays for 60% of its raw material purchases in the month of purchase and the remainder in the following month. The accounts payable balance on March 31st is $139,000. How much cash disbursements for raw materials purchases would be shown in the company’s cash budget for April?
Coronado Industries determines that 63000 pounds of direct materials are needed for production in July. There are 4200 pounds of direct materials on hand at July 1 and the desired ending inventory is 3600 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases? O 183600. O 190800. O 187200. O 194400.
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