[The following information applies to the questions displayed below.) Shadee Corporation expects to sell 560 sun shades in May and 330 in June. Each shade sells for $151. Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $55.00 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. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. May June Budgeted Cost of Poles Purchased $ 400 $ 400
[The following information applies to the questions displayed below.) Shadee Corporation expects to sell 560 sun shades in May and 330 in June. Each shade sells for $151. Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $55.00 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. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. May June Budgeted Cost of Poles Purchased $ 400 $ 400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 560 sun shades in May and 330 in June. Each shade sells for $151. Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. \table[[,,,June],[Budgeted Cost of Poles Purchased,$,400,400]]
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Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 560 sun shades in May and 330 in June. Each shade sells for $151. Shadee's
beginning and ending finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods
inventory for June will be 70 shades.
Each shade requires a total of $55.00 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.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
May
June
Budgeted Cost of Poles Purchased
$
400
$
400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce3d614c-45c7-44df-90d5-f4ca61f598de%2F55076925-b1c9-4c28-a1a8-6efc7c100de4%2Fthm60lj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Б
Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 560 sun shades in May and 330 in June. Each shade sells for $151. Shadee's
beginning and ending finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods
inventory for June will be 70 shades.
Each shade requires a total of $55.00 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.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
May
June
Budgeted Cost of Poles Purchased
$
400
$
400
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