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SAT, 04.01.2022 07:00 lukasconway7644

Sleeter corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: budgeted unit sales for april, may, june, and july are 7,500, 11,900, 10,800, and 14,800 units, respectively. All sales are on credit. The ending finished goods inventory equals 30% of the following month's sales. The ending raw materials inventory equals 30% of the following month’s raw materials production needs. Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $5. 00 per pound. If 72,000 pounds of raw materials are required for production in june, then the budgeted cost of raw material purchases for may is closest to:.

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