Cost of the cleansing agent budgeted to be purchased

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Reference no: EM13753957

Johnson Manufacturing produces a product that requires 3 pounds of a powdered cleansing agent. The cost of the cleansing agent is $12.00 per pound. Johnson maintains an ending inventory of the cleansing agent equal to 60 percent of the following month’s production usage. Planned production for Johnson is as follows: 8,000 units in April, 7,000 units in May and 6,700 units in June. Assume that raw material inventories are equal to the budgeted levels. The cost of the cleansing agent budgeted to be purchased in May would be:

$_____________

Reference no: EM13753957

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