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    Cost accounting using budgeted data

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    Following are budgeted data

    Jan Feb March
    sales in units 15000 20000 18000
    production units 18000 19000 16000

    One pound of material is required for each finished unit. The inventory of materials at end of each month should equal 20% of the following months production needs. Purchases of raw materials for February should be

    A 19600
    B 20400
    C 18400
    D 18600

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    Answer: C


    Production of raw materials required ...

    Solution Summary

    This solution is comprised of a detailed calculation to find the purchases of raw materials for February.