Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 530 sun shades in May and 370 in June. Each shade sells for $141. Shadee's beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30.
Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 530 sun shades in May and 370 in June. Each shade sells for $141. Shadee's beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 530 sun shades in May and 370 in June. Each shade sells for $141. Shadee's
beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods
inventory for June will be 70 shades.
Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to
have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
May
June
Budgeted Cost of Poles Purchased
$
10,400 $
1,390](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F665d3709-97e1-4028-9c2f-3c14e10cd226%2F23ec0f37-3136-46fb-9dfa-99fe44297757%2Fid9bqdp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 530 sun shades in May and 370 in June. Each shade sells for $141. Shadee's
beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods
inventory for June will be 70 shades.
Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to
have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
May
June
Budgeted Cost of Poles Purchased
$
10,400 $
1,390
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