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?