Masterson Company's budgeted production calls for 62,000 units in April and 58,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 25% of the following month's budgeted materials. The April 1 inventory for this material is 15,500 unit. What is the budgeted materials needed in units for April? Multiple Choice 76,500 units. 46.500 units. 64,000 units.

Masterson Company's budgeted production calls for 62,000 units in April and 58,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 25% of the following month's budgeted materials. The April 1 inventory for this material is 15,500 unit. What is the budgeted materials needed in units for April? Multiple Choice 76,500 units. 46.500 units. 64,000 units.

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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