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What is the budgeted materials purchases cost

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Reference no: EM132507038

Question 1: A sporting goods manufacturer budgets production of 44,000 pairs of ski boots in the first quarter and 35,000 pairs in the second quarter of the upcoming year. Each pair of boots requires 2 kilograms (kg) of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 30% of the following quarter's material needs. Beginning inventory for this material is 26,400 kg and the cost per kg is $9. What is the budgeted materials purchases cost for the first quarter?

Multiple Choice

Option 1: $792,000.

Option 2: $743,400.

Option 3: $554,400.

Option 4: $840,600.

Option 5: $1,029,600.

Reference no: EM132507038

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