Test III. Cost to purchased raw materials JENNY Processing Company expects in 2019 to increase by 10% the products sold the previous year totaling 40,000 units. At the start of 2019, the company has finished goods of 6,000 units and plans to maintain an inventory of 8,000 at the end of 2019. To produce one finished product, the company required 3 units of raw materials OP and 4 units of materials QR, One unit of raw materials OP and one unit of raw materials QR cost P4 and P7, respectively. The inventory level of the raw materials is as follows: January 1 (actual) December 31 (target) Material OP 4,000 5,000 Material QR 3,000 4,000 Required: Determine the estimated cost to purchased the total raw materials requirement.

Test III. Cost to purchased raw materials JENNY Processing Company expects in 2019 to increase by 10% the products sold the previous year totaling 40,000 units. At the start of 2019, the company has finished goods of 6,000 units and plans to maintain an inventory of 8,000 at the end of 2019. To produce one finished product, the company required 3 units of raw materials OP and 4 units of materials QR, One unit of raw materials OP and one unit of raw materials QR cost P4 and P7, respectively. The inventory level of the raw materials is as follows: January 1 (actual) December 31 (target) Material OP 4,000 5,000 Material QR 3,000 4,000 Required: Determine the estimated cost to purchased the total raw materials requirement.

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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