2 units of material are required for each unit of finished

Assignment Help Accounting Basics

Reference no: EM13573361

Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows.

Month		Units
April		2,520
May		2,490
June		2,380

The target ending inventory of finished products is as follows.

March 31		2,010
April 30		2,290
May 31		2,180
June 30		2,340

2 units of material are required for each unit of finished product. Production for July is estimated at 2,610 units to start building inventory for the fall sales period. Chandler's policy is to have an inventory of raw materials at the end of each month equal to 60% of the following month's production requirements.

Raw materials are expected to cost $5 per unit throughout the period.

Calculate the May raw materials purchases in dollars.

The May raw material purchases cost

Reference no: EM13573361

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