(Answered) Question - the controller of joy co has requested a quick

Accounting

Question - The controller of Joy Co has requested a quick estimate of the manufacturing supplies needed for the Morton Plant for the month of July, when production is expected to be 300,000 units to meet the ending inventory requirements and sales of 305,000 units. Joy Co's budget analyst has the following actual data for the last three months.

Month	Production In Units	Manufacturing Supplies
March	280,000	$ 616,000
April	370,000	773,500
May	310,000	573,500

Using the high-low method to develop a cost estimating equation, the estimate of needed manufacturing supplies for July.

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