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Find the total cost of jurislon to be purchased in august

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Reference no: EM132592634

Question - Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 9.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows:

August 23,300 units

September 22,000 units

October 23,400 units

November 24,600 units

December 24,300 units

The company wants to maintain monthly ending inventories of Jurislon equal to 25% of the following month's production needs. On July 31, this requirement was not met since only 11,500 kilograms of Jurislon were on hand. The cost of Jurislon is $25 per kilogram. The company wants to prepare Direct Materials Purchase Budget for the next five months.

Find the total cost of Jurislon to be purchased in August?

a. $1,480,625

b. $6,552,500

c. $6,840,000

d. $5,533,750

Reference no: EM132592634

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