Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 560 sun shades in May and 350 in June. Each shade sells for $159. Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e) Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 120 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles.
Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 560 sun shades in May and 350 in June. Each shade sells for $159. Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e) Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 120 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required information
SB Exercise E8-5 to E8-10
[The following information applies to the questions displayed below.)
Shadee Corporation expects to sell 560 sun shades in May and 350 in June. Each shade sells for $159.
Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively.
Ending finished goods inventory for June will be 60 shades.
E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e)
Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee
expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 120 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.
May
June
Budgeted Cost of Closures Purchased
Return to question
10,200
80,000
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