Target Corporation had the following budgeted sales: 2024 June July August September October Units 2,200 2,500 2,000 1,700 1,600 The following additional information was given: Ending Finished Goods Inventory on May 31, 2024 was: Direct Materials per Finished Good Unit: Average Cost per Pound of Direct Material: Finished Goods Inventory should be: Direcet Materials Inventory should be: Ending Direct Materials Inventory on May 31, 2024 was: 2,100 Units 3 Pounds of Direct Material $5 per Pound 20% Next Month's Anticipated Sales 30% Pounds Needed for Next Month's Production 9,090 Pounds of Direct Material Calculate the amount of required production of finished goods units for the month of August 2024. Round to the nearest whole number (ex. 2004-200; 200.5-201) Only enter numbers into answer space, do not enter anything other than numbers.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Target Corporation had the following budgeted sales:
2024
June
July
August
September
October
Units
2,200
2,500
2,000
1,700
1,600
The following additional information was given:
Ending Finished Goods Inventory on May 31, 2024 was:
Direct Materials per Finished Good Unit:
Average Cost per Pound of Direct Material:
Finished Goods Inventory should be:
Direcet Materials inventory should be:
Ending Direct Materials Inventory on May 31, 2024 was:
2,100 Units
3 Pounds of Direct Material
$5 per Pound
20% Next Month's Anticipated Sales
30% Pounds Needed for Next Month's Production
9,090 Pounds of Direct Material
Calculate the amount of required production of finished goods units for the month of August 2024.
Round to the nearest whole number (ex. 2004-200: 200.5-201)
Only enter numbers into answer space, do not enter anything other than numbers.
Transcribed Image Text:Target Corporation had the following budgeted sales: 2024 June July August September October Units 2,200 2,500 2,000 1,700 1,600 The following additional information was given: Ending Finished Goods Inventory on May 31, 2024 was: Direct Materials per Finished Good Unit: Average Cost per Pound of Direct Material: Finished Goods Inventory should be: Direcet Materials inventory should be: Ending Direct Materials Inventory on May 31, 2024 was: 2,100 Units 3 Pounds of Direct Material $5 per Pound 20% Next Month's Anticipated Sales 30% Pounds Needed for Next Month's Production 9,090 Pounds of Direct Material Calculate the amount of required production of finished goods units for the month of August 2024. Round to the nearest whole number (ex. 2004-200: 200.5-201) Only enter numbers into answer space, do not enter anything other than numbers.
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