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Determine Total Cost of May Raw Materials Purchases

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Question - Alpha company makes units that each requires 2 pounds of material at $3 per pound. Alpha is planning that 500 and 700 units will be built in May and June, respectively. Alpha keeps material on hand at 20% of the next month's production needs. Use this information to determine: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)

1. Determine Raw Material Costs for May's Production.

2. Determine Total Cost of May's Raw Materials Purchases.

Reference no: EM132574841

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