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Hospitable Co provides the following sales forecast for the next four months The company wants to end each month with ending finished goods inventory equal to 20of next month's sales Finished

Hospitable Co. provides the following sales forecast for the next four months: The company wants to end each month with ending finished goods inventory equal to 20% of next month's sales. Finished goods inventory on April 1 is 122 units. Assume July's budgeted production is 640 units. In addition, each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 939 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June.

 

Apr 03 2020 View more View Less

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