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How much should joseph budget for purchases

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Reference no: EM133001499

Question - Joseph Co. manufactures leather briefcases and carryalls. Joseph's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Joseph maintains an ending inventory of leather fabric equal to 25% of the next month's production needs.

Budgeted production

Feb 50500

Mar 43000

April 59200

May 64900

June 57200

If each yard of leather fabric costs $6.40, how much should Joseph budget for purchases of fabric in February?

Reference no: EM133001499

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