On January 1,2022, the Crane Company budget committee has reached agreement on the following data...
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Accounting
On January the Crane Company budget committee has reached agreement on the following data for the months ending June
Sales units:
Ending raw materials inventory:
Ending finished goods inventory:
Thirdquarter production:
First quarter ; second quarter ; third quarter
of the next quarter's production requirements.
of the next quarter's expected sales units.
units.
The ending raw materials and finished goods inventories at December follow the same percentage relationships to production and sales that occur in Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $ per pound.
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