If there were 78,000 pounds of raw materials on hand on February 1,235,000 pounds are desired for inventory at February 28, and 420,000 pounds are required for February production, how many pounds of raw materials should be purchased in February? a. 342,000 pounds. b. 577,000 pounds. c. 198,000 pounds. d. 499,000 pounds.
If there were 78,000 pounds of raw materials on hand on February 1,235,000 pounds are desired for inventory at February 28, and 420,000 pounds are required for February production, how many pounds of raw materials should be purchased in February? a. 342,000 pounds. b. 577,000 pounds. c. 198,000 pounds. d. 499,000 pounds.
Chapter7: Budgeting
Section: Chapter Questions
Problem 2EA: How many units are in beginning inventory it 32,000 units are budgeted for sales, 35,000 units are...
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How many pounds raw material should be purchased in February ?
Transcribed Image Text:If there were 78,000 pounds of raw materials on hand
on February 1,235,000 pounds are desired for inventory
at February 28, and 420,000 pounds are required for
February production, how many pounds of raw materials
should be purchased in February?
a. 342,000 pounds.
b. 577,000 pounds.
c. 198,000 pounds.
d. 499,000 pounds.
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