Correct answer If there were 66,000 pounds of raw materials onhand on January 1, 185,000 pounds are desiredfor inventory at January 31, and 360,000 poundsare required for January production, how manypounds of raw materials should be purchased inJanuary?a. 270,000 pounds.b. 479,000 pounds.c. 150,000 pounds.d. 310,000 pounds.

Solution= desired ending inventory on Jan 31 + required for production in January - beginning…

Answered: If there were 66,000 pounds of raw…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 11PB: Production information shows these costs and units for the smoothing department in August. What is...

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If there were 40000 pounds of direct materials on hand on January 1, 120000 pounds are desired for inventory at January 31, and 560000 pounds are required for January production, how many pounds of direct materials should be purchased in January? a. 480000 pounds b. 680000 pounds c. 440000 pounds d. 640000 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 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
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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 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
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

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