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Calculate the cost of materials used for production

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Reference no: EM13511712

The following data on production, materials required for products X and Y, and inventory pertain to the budget of LMN Company:

Product X

Product Y

Production (units)

2,000

3,000

Materials (units)

A

3.0

3,000

B

4.0

6.5

Beginning

Desired Ending

Price/Unit

Materials inventory:


A

2,000

3,000

$2

B

6,000

6,000

1.20

(a) Determine the number of material units needed to produce products X and Y.

(b) Calculate the cost of materials used for production.

(c) Determine the number of material units to be purchased.

(d) Calculate the cost of materials to be purchased.

Reference no: EM13511712

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