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Calculate the budgeted purchases of unrefined material

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Reference no: EM132892669

Question - Gamma plc purchases material and refines it before onward sale. Budgeted sales of the refined material are as follows.

Litres

January 40,000

February 50,000

March 30,000

(i) The target month-end inventory of unrefined material is 30% of the material needed for the following month's budgeted production.

(ii) The targeted month-end inventory of refined material is 30% of next month's budgeted sales.

Required - Calculate the budgeted purchases of unrefined material for January.

Reference no: EM132892669

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