Can you solve this general accounting problem with appropriate steps and explanations? If there were 45,000 kilograms of component parts on hand on April 1, 150,000 kilograms aredesired for inventory at April 30, and 320,000 kilograms are required for April production, howmany kilograms of component parts should be purchased in April?A. 215,000 kilogramsB. 425,000 kilogramsC. 275,000 kilogramsD. 365,000 kilograms

Step 1: Definition of Materials to be PurchasedThe materials to be purchased are calculated by…

Answered: If there were 45,000 kilograms of…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 15PROB

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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 575,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? O 425,000 pounds O 725,000 pounds 545.000 pounds O470,000 pounds
The number of units it would need to manufactured during May?
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Production estimates for August for Jay Company are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The number of pounds of Materials A and B required for August production is a.225,000 lbs. of A; 37,500 lbs. of B b.216,000 lbs. of A; 72,000 lbs. of B c.234,000 lbs. of A; 39,000 lbs. of B d.216,000 lbs. of A; 36,000 lbs. of B
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The number of pounds of Materials A and B required for July production is a.216,000 lbs. of A; 72,000 lbs. of B b.216,000 lbs. of A; 36,000 lbs. of B c.225,000 lbs. of A; 37,500 lbs. of B d.234,000 lbs. of A; 39,000 lbs. of B
Production estimates for August for Jay Company are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is a. $1,080,000 for A; $648,000 for B b. $1,080,000 for A; $1,296,000 for B O Od. $1,170,000 for A; $702,000 for B C. $1,125,000 for A; $675,000 for B
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The total direct materials purchases of Materials A and B (assuming no beginning or ending materials inventory) required for July production is a.$1,125,000 for A; $675,000 for B b.$1,080,000 for A; $1,296,000 for B c.$1,170,000 for A; $702,000 for B d.$1,080,000 for A; $648,000 for B
Production estimates for December are as follows: Estimated inventory (units), December 1 12,000 Desired inventory (units), December 31 9,000 Expected sales volume (units), December 75,000 For each unit produced, the direct materials requirements are as follows: Direct material A ($5 per lb.) 3 lbs. Direct material B ($15 per lb.) 1/2 lb. The total direct materials purchases of materials A and B required for December production is _____. a. $1,080,000 for A; $540,000 for B b. $1,125,000 for A; $562,500 for B c. $1,260,000 for A; $630,000 for B d. $1,170,000 for A; $585,000 for B
The following data pertains to Western Company’s materials inventory: Number of pounds required annually 16,000 Cost of placing an order P20 Annual carrying cost per pound of material P4What is the EOQ?
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 76,000 Expected sales volume (units), July For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3 lbs. Material B ($18 per lb.) 0.5 lb. The total direct materials purchases of Materials A and B (assuming no beginning or ending materials inventory) required for July production are: a. $1,080,000 for A; $1,296,000 for B. b. $1,170,000 for A; $702,000 for B. c. $1,125,000 for A; $675,000 for B. d. $1,080,000 for A; $648,000 for B.

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