Please help me What are the materials purchases costs for February?Material purchases for February $eTextbook and MediaSave for Later The controller of Coronado Company estimates sales and production for the first four months of 2022 as follows:SalesProduction in unitsJanuary$28,7001,100February March$38,2001,500April$50,900 $25,8001,8002,800Sales are 40% cash and 60% on account, and 60% of credit sales are collected in the month of the sale. In the month after the sale, 40%of credit sales are collected. It takes 4 kg of direct materials to produce a finished unit, and direct materials cost $5 per kg. All directmaterials purchases are on account, and are paid as follows: 40% in the month of the purchase and 60% the following month. Endingdirect materials inventory for each month is 40% of the next month's production needs.January's beginning materials inventory is 1,010 kg. Suppose that both accounts receivable and accounts payable are zero at thebeginning of January.

Name: Please help me What are the materials purchases costs for February?Mat
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please help me What are the materials purchases costs for February?Material purchases for February $eTextbook and MediaSave for Later The controller of Coronado Company estimates sales and production for the first four months of 2022 as follows:Sales