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Question - Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 649,000 units, estimated beginning inventory is 102,000 units, and desired ending inventory is 85,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below.
Material A 0.50 lb. per unit @ $0.66 per pound
Material B 1.00 lb. per unit @ $1.99 per pound
Material C 1.20 lb. per unit @ $1.36 per pound
Required - Find the dollar amount of material A used in production during the year?
a. $214,170
b. $1,031,424
c. $208,560
d. $1,257,680
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