Business, 21.05.2020 00:13 corban13

Grouper Ltd. estimates sales for the second quarter of 2017 will be as follows.

Month Units
April 2,580
May 2,400
June 2,330

The target ending inventory of finished products is as follows.

March 31 2,020
April 30 2,200
May 31 2,130
June 30 2,330

Two units of material are required for each unit of finished product. Production for July is estimated at 2,660 units to start building inventory for the fall sales period. Grouper’s policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month’s production requirements. Raw materials are expected to cost $6 per unit throughout the period.

Required:
Calculate the May raw materials purchases in dollars.

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Answer from: moran14

July production = 2,660 units

raw materials per unit = $6

ending inventory of raw materials = 50% of next month production

RAW MATERIALS PURCHASES

April May June

units to be produced 2,200 2,130 2,330

+ ending inventory 1,065 1,165 1,330

EU raw materials

- beginning inventory -1,100 -1,065 -1,165

EU raw materials

total direct materials

purchases (in units) 2,165 2,230 2,495

cost of direct materials $6 $6 $6

per unit

total purchases $12,990 $13,380 $14,970

Answer from: Quest

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

hope it

Answer from: Quest

Answer reflected in reasonable, documented employment policies that are honestly and equitable implemented to the satisfaction of both management and employee;

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Grouper Ltd. estimates sales for the second quarter of 2017 will be as follows.

Month U...