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What budgeted purchases of raw materials in third quarter

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Reference no: EM132536500

The Booger Company had budgeted production for 2020 as follows:

Quarter 1: 10,000 units

Quarter 2: 12,000 units

Quarter 3: 16,000 units

Quarter 4: 14,000 units

Question 1: Four pounds of raw materials are required for each unit produced. Raw materials on hand at the beginning of 2020 equals 4,000 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the third quarter would be (in pounds):

Select one:

Option a. 50,400 pounds

Option b. 62,400 pounds

Option c. 56,800 pounds

Option d. 63,200 pounds

Reference no: EM132536500

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