Reference no: EM132536359
Question - Avalanche Co. is a manufacturer that makes one product. It provided the following information to help prepare the master budget for the next four months of operations:
The budgeted selling price per unit is $48. Budgeted unit sales for May, June, July, and August are 81,300; 85,000; 82,800; and 80,000 units, respectively. All sales are on credit.
The ending finished goods inventory equals 30% of the following month's sales.
The ending raw materials inventory equals 20% of the following month's raw materials production needs.
Each unit of finished goods requires 5 ounces of raw materials. The raw materials cost $1.60 per ounce.
The direct labor wage rate is $20.00 per hour. Each unit of finished goods requires 0.75 direct labor-hours.
Variable manufacturing overhead is $8.00 per direct labor-hour. Fixed manufacturing overhead is zero.
Required - Compute the estimated finished goods inventory balance at the end of June?
a. $696,000
b. $720,360
c. $707,310
d. $739,500
e. $674,720
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