Zhang Industries budgets production of 300 units in June and 310 units in July. Each...
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Accounting
Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires 4 pounds of raw material K, which costs $5 per pound. Each months ending inventory of raw materials should be 30% of the following months budgeted production. The June 1 raw materials inventory has 360 pounds of raw material K. Compute budgeted cost of purchases for raw material K for June.
mulitple choice
$4,400.
$6,000.
$6,200.
$6,060.
$6,100.
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