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Sheridan Ltd. estimates sales for the second quarter of 2022 will be as follows. ...

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Accounting

Sheridan Ltd. estimates sales for the second quarter of 2022 will be as follows.

Month

Units

April

 2,890

May

 2,990

June

 2,760

The target ending inventory of finished products is as follows.

March 31 2,280
April 30 2,460
May 31 2,440
June 30 2,700

Two units of materials are required for each unit of finished product. Production for July is estimated at 3,010 units to start building inventory for the fall sales period. Sheridans policy is to have an inventory of raw materials at the end of each month equal to 50% of the following months production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars.

Raw material purchases cost

$enter the raw material purchases cost in dollars

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