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ABC Company's budgeted sales for June, July, and August are 14,400, 18,400, and 16,400 units, respectively. ABC requires 30% of the next month's budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 4,320 units. Each unit that ABC Company produces uses 3 pounds of raw material.ABC requires 25% of the next month's budgeted production as raw material inventory each month.

Required:

find out the number of pounds of raw material to be purchased in June.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940179

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