Qw.32. Croy Inc. has the following projected sales for the next five months:Month Sales in UnitsApril3,430May3,915June4,560July 4,165August 3,960Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month.Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31totaled 3,673 pounds.Required:1. Determine budgeted production for April, May, and June.2. Determine budgeted cost of materials purchased for April and May.

1) Croy Inc. Production budget April May June July Sales units 3430…

Answered: Sales in Units 3,430 3,915 4,560

Business

Accounting

Sales in Units 3,430 3,915 4,560

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 5EA: Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700...

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