Maurice Tutor

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Category > Accounting Posted 19 Aug 2017 My Price 8.00

Hard Core

24.    LO.3 (Material purchases budget) Hard Core had budgeted sales of 190,000 feet of its concrete culvert products for June 2010. Each foot of product requires 4 pounds of concrete ($0.10 per pound) and 7.5 pounds of gravel ($0.04 per pound). Actual begin- ning inventories and projected ending inventories follow.

 

 

June 1

June 30

Finished Goods Inventory (in feet)

12,250

10,000

Concrete (in pounds)

41,000

34,300

Gravel (in pounds)

32,650

46,250

a.     How many pounds of concrete did Hard Core plan to purchase in June? What was the cost of those purchases?

b.    How many pounds of gravel did Hard Core plan to purchase in June? What was the cost of those purchases?

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 12:08 AM My Price 8.00

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