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What will the raw material purchases be in June? * O Nat Format: 11,111 Next month's budgeted sales for TMP is 18,000 units. Each unit of product TMP uses 6 kilograms of raw materials. The production and inventory budgets for June 2021 are as follows: Raw materials Finished goods Opening Inventory 21,000 kgs. 15,000 units Planned Ending Inventory 24,400 kgs. 11,400 units During the production process, it is usually found that 10% of production units are scrapped as defective and this loss occurs after the raw materials have been placed in process.

What will the raw material purchases be in June? * O Nat Format: 11,111 Next month's budgeted sales for TMP is 18,000 units. Each unit of product TMP uses 6 kilograms of raw materials. The production and inventory budgets for June 2021 are as follows: Raw materials Finished goods Opening Inventory 21,000 kgs. 15,000 units Planned Ending Inventory 24,400 kgs. 11,400 units During the production process, it is usually found that 10% of production units are scrapped as defective and this loss occurs after the raw materials have been placed in process.

FINANCIAL ACCOUNTING
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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Natio What will the raw material purchases be in June? * Format: 11,111 Next month's budgeted sales for TMP is 18,000 units. Each unit of product TMP uses 6 kilograms of raw materials. The production and inventory budgets for June 2021 are as follows: Opening Inventory 21,000 kgs. 15,000 units "Planned Ending Inventory 24,400 kgs. 11,400 units Raw materials Finished goods During the production process, it is usually found that 10% of production units are scrapped as defective and this loss occurs after the raw materials have been placed in process.
Transcribed Image Text:Natio What will the raw material purchases be in June? * Format: 11,111 Next month's budgeted sales for TMP is 18,000 units. Each unit of product TMP uses 6 kilograms of raw materials. The production and inventory budgets for June 2021 are as follows: Opening Inventory 21,000 kgs. 15,000 units "Planned Ending Inventory 24,400 kgs. 11,400 units Raw materials Finished goods During the production process, it is usually found that 10% of production units are scrapped as defective and this loss occurs after the raw materials have been placed in process.
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