v 6 COTS MC Qu. 8-50 (Algo) Assume a company's sales...
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6 COTS MC Qu. 8-50 (Algo) Assume a company's sales budget for... Assume a company's sales budget for April and May is 33,000 units and 35,000 units, respectively. its production budget for me same two months is 30,000 units and 31000 units, respectively. Each unit of finished goods required 4 pounds of raw materials. The company always maintains materials inventory equal to 25% of the following months production needs Also assume the company pays $2.10 per pound of raw material. It always pays for 60% of its raw material purchases in the month of purchase and remainder in the following month. The accounts payable balance on March 314 $133.000. What would be the accounts payable belance at the en of April Multiple Choice $152.460 $155.960 $157,460
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