ABC Company's budgeted sales for June, July, and August are 12,600, 16,600, and 14,600 units, respectively. ABC requires 25% of the next month's budgeted unit sales as finished goods Inventory each month. Budgeted ending finished goods Inventory for May Is 3,150 units. Each unit that ABC Company produces uses 4 pounds of raw material. ABC requires 20% of the next month's budgeted production as raw material inventory each month. Required: Calculate the number of pounds of raw material to be purchased in June. Number of pounds

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It…

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future…