The following are budgeted dа ta:
January February March
Sales in units 15,200 20,400 18,200
Production in units 18,200 19,200 17,100
One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 30% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:
Multiple Choice
a. 18,630 pounds
b. 19,830 pounds
c. 19,670 pounds
d. 18,570 pounds
