The Tori Company had budgeted production for the year as follows: Quarter 1 2 3 4 Production in 10,900 12,900 18,800 14,900 units Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,900 Ibs. The raw materials inventory at the end of each quarter should equal 20% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the third quarter would be: Multiple Choice 54,740 Ibs. 49,660 Ibs. 72,080 Ibs. 72,000 Ibs.

The Tori Company had budgeted production for the year as follows: Quarter 1 2 3 4 Production in 10,900 12,900 18,800 14,900 units Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,900 Ibs. The raw materials inventory at the end of each quarter should equal 20% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the third quarter would be: Multiple Choice 54,740 Ibs. 49,660 Ibs. 72,080 Ibs. 72,000 Ibs.

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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