Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 640 sun shades in May and 360 in June. Each beginning and ending finished goods inventories for May are 90 and 55 shades, re inventory for June will be 65 shades. 8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e ach shade requires a total of $60.00 in direct materials that includes 4 adjustable poles ave 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 required: Tepare Shadee's May and June purchases budget for the adjustable poles Answer is complete but not entirely correct. May June Budgeted Cost of Closures Purchased $ 11,300 $ 7,800
Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 640 sun shades in May and 360 in June. Each beginning and ending finished goods inventories for May are 90 and 55 shades, re inventory for June will be 65 shades. 8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e ach shade requires a total of $60.00 in direct materials that includes 4 adjustable poles ave 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 required: Tepare Shadee's May and June purchases budget for the adjustable poles Answer is complete but not entirely correct. May June Budgeted Cost of Closures Purchased $ 11,300 $ 7,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Dinesh
![16
Required information
SB Exercise E8-5 to E8-10
[The following information applies to the questions displayed below]
Shadee Corporation expects to sell 640 sun shades in May and 360 in June. Each shade sells for $165. Shadee's
beginning and ending finished goods inventories for May are 90 and 55 shades, respectively. Ending finished goods
inventory for June will be 65 shades.
E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e]
Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to
have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles
Answer is complete but not entirely correct.
Budgeted Cost of Closures Purchased
$
May
11,300 $
June
7,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45698f22-de23-435c-95ed-1fbb39ae1894%2F7e7e161e-a0d9-42c4-b7fa-47fd5bff7264%2Frjjw0t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:16
Required information
SB Exercise E8-5 to E8-10
[The following information applies to the questions displayed below]
Shadee Corporation expects to sell 640 sun shades in May and 360 in June. Each shade sells for $165. Shadee's
beginning and ending finished goods inventories for May are 90 and 55 shades, respectively. Ending finished goods
inventory for June will be 65 shades.
E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e]
Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to
have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles
Answer is complete but not entirely correct.
Budgeted Cost of Closures Purchased
$
May
11,300 $
June
7,800
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