Croy Inc. has the following projected sales for the next five months: Sales in Month Units April 3,460 May 3,920 June 4,600 July 4,115 August 3,930 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,690 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number.) April May Budgeted Production (Units) Required June Required 2> 3 Croy Inc. has the following projected sales for the next five months: Sales in Month Units April 3,460 May 3,920 June 4,600 July 4,115 August 3,930 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,690 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number) April Budgeted Production (Units)
Croy Inc. has the following projected sales for the next five months: Sales in Month Units April 3,460 May 3,920 June 4,600 July 4,115 August 3,930 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,690 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number.) April May Budgeted Production (Units) Required June Required 2> 3 Croy Inc. has the following projected sales for the next five months: Sales in Month Units April 3,460 May 3,920 June 4,600 July 4,115 August 3,930 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,690 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number) April Budgeted Production (Units)
Chapter15: Managing Short-term Assets
Section: Chapter Questions
Problem 1PROB
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Please do not give solution in image format ? And Fast answering please and explain proper steps by Step.
Transcribed Image Text:Croy Inc. has the following projected sales for the next five months: Sales in Month Units April 3,460 May 3,920 June 4,600
July 4,115 August 3,930 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the
end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory
policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on
hand at March 31 totaled 3,690 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine
budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations
and round your final answers to the nearest whole number.) April May Budgeted Production (Units) Required June Required
2>
Croy Inc. has the following projected sales for the next five months:
Sales
in
Units
3,460
3,920
4,600
Month
April
May
June
July 4,115
August 3,930
Croy's finished goods inventory policy is to have 50 percent of the next
month's sales on hand at the end of each month. Direct materials costs $3.10
per pound, and each unit requires 2 pounds. Direct materials inventory
policy is to have 50 percent of the next month's production needs on hand
at the end of each month. Direct materials on hand at March 31 totaled 3,690
pounds.
c
Required:
1. Determine budgeted production for April, May, and June.
2. Determine budgeted cost of materials purchased for April and May.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and
round your final answers to the nearest whole number)
April
May
Budgeted Production (Units)
< Required 1
June
Required 2 >
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