Budgeted purchases of raw materials sales for may, Ask an Expert

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Q1) Each unit manufactured by Kinderware Company needs 6 pounds of raw materials. Company has 12,000 pounds of material on hand at beginning of May. Raw materials inventory should be equal to 10% of next month's production. Budgeted production for May and June are as follows:

May	20,000 units
June	25,000 units

Budgeted purchases of raw materials sales for May are?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M921450

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