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What is the budgeted cost for materials

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Reference no: EM132880125

Question - Waunakee Metals expects sales for the year to be 100,000 units, with quarterly sales of 20%, 25%, 30%, and 25%, respectively. The sales price is expected to be $40. Management desires an ending finished goods inventory each quarter of 20% of the next quarter's sales volume.

Each unit requires 3 kilograms of materials at a cost of $5 per kilogram. Management desires an ending raw materials inventory each quarter of 10% of the next quarter's production needs. What is the budgeted cost for materials to be purchased (in $) in Q2?

Reference no: EM132880125

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