[The following information applies to the questions displayed below.] Shadee Corporation expects to sell 620 sun shades in May and 390 in June. Each shade sells for $155. Shadee's beginning and ending finished goods inventories for May are 75 and 60 shades, respectively. Ending finished goods inventory for June will be 50 shades. Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 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.

[The following information applies to the questions displayed below.] Shadee Corporation expects to sell 620 sun shades in May and 390 in June. Each shade sells for $155. Shadee's beginning and ending finished goods inventories for May are 75 and 60 shades, respectively. Ending finished goods inventory for June will be 50 shades. Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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