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Current Attempt in Progress Crane Company's sales budget projects unit sales of part 1982 of...

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Accounting

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Current Attempt in Progress Crane Company's sales budget projects unit sales of part 1982 of 8,000 units in January 9,600 units in February, and 10,400 units in March. Each unit of part 1987 requires 4 pounds of materials, which cost $2 per pound. Crane Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2021. (a) Prepare a production budget for January and February 2022. CRANE COMPANY Production Budget January February CRANE COMPANY Direct Materials Budget January

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