Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 590 sun shades in May and 400 in June. Each shade sells for $145. Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 50 shades. 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, 90 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 [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 590 sun shades in May and 400 in June. Each shade sells for $145. Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 50 shades. 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, 90 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
Problem 1Q
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Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 590 sun shades in May and 400 in June. Each shade sells for $145. Shadee's
beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods
inventory for June will be 50 shades.
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, 90 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.
X Answer is complete but not entirely correct.
Budgeted Cost of Closures Purchased
$
May
11,450 $
June
7,950](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bf09ca0-b2c6-42b7-876c-2d44a2ee3b32%2F748039ba-6fcb-4fa0-a9b6-639b17b7dbff%2Fx7ydwrl_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 590 sun shades in May and 400 in June. Each shade sells for $145. Shadee's
beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods
inventory for June will be 50 shades.
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, 90 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.
X Answer is complete but not entirely correct.
Budgeted Cost of Closures Purchased
$
May
11,450 $
June
7,950
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