Crane Ltd. estimates sales for the second quarter of 2022 will be as follows. ...
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Accounting
Crane Ltd. estimates sales for the second quarter of 2022 will be as follows.
Month
Units
April
2,640
May
2,740
June
2,510
The target ending inventory of finished products is as follows.
March 31
2,080
April 30
2,260
May 31
2,240
June 30
2,450
Two units of materials are required for each unit of finished product. Production for July is estimated at 2,760 units to start building inventory for the fall sales period. Cranes policy is to have an inventory of raw materials at the end of each month equal to 50% of the following months production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars.
Raw material purchases cost
$enter the raw material purchases cost in dollars
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