sume a company's sales budget for April and May is 31,000 units and 33,000 units, respectively. Its production budget for the same two Onths is 28,000 units and 29,000 units, respectively. Each unit of finished goods required 6 pounds of raw materials. The company always aintains raw materials inventory equal to 30% of the following months production needs. so assume the company pays $2.00 per pound of raw material. It always pays for 60% of its raw material purchases in the month of urchase and the remainder in the following month. The accounts payable balance on March 31st is $131,000. What would be the accounts ayable balance at the end of April? Multiple Choice $208,760

sume a company's sales budget for April and May is 31,000 units and 33,000 units, respectively. Its production budget for the same two Onths is 28,000 units and 29,000 units, respectively. Each unit of finished goods required 6 pounds of raw materials. The company always aintains raw materials inventory equal to 30% of the following months production needs. so assume the company pays $2.00 per pound of raw material. It always pays for 60% of its raw material purchases in the month of urchase and the remainder in the following month. The accounts payable balance on March 31st is $131,000. What would be the accounts ayable balance at the end of April? Multiple Choice $208,760

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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