Shadee Corporation expects to sell 550 sun shades in May and 380 in June. Each shade sells for $153. Shadee's beginning and ending finished goods inventories for May are 75 and 55 shades, respectively. Ending finished goods inventory for June will be 65 shades. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 110 poles in inventory on June 30. Prepare Shadee's May and June purchases budget for the ADJUSTABLE poles. Budgeted Cost of Closures Purchased May/June

Shadee Corporation expects to sell 550 sun shades in May and 380 in June. Each shade sells for $153. Shadee's beginning and ending finished goods inventories for May are 75 and 55 shades, respectively. Ending finished goods inventory for June will be 65 shades. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 110 poles in inventory on June 30. Prepare Shadee's May and June purchases budget for the ADJUSTABLE poles. Budgeted Cost of Closures Purchased May/June

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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