The Molson Company had budgeted production for the year as follows: ...
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Accounting
The Molson Company had budgeted production for the year as follows:
Quarter
1
2
3
4
Production in units
11,900
13,900
19,800
15,900
Five pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 5,900 lbs. The raw materials inventory at the end of each quarter should equal 15% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the second quarter would be:
78,300 lbs.
73,925 lbs.
66,500 lbs.
69,500 lbs.
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