Figure 15-3
Projected sales for Sommers, Inc., for next year and beginning and ending inventory data are as follows: The selling price is £40 per unit. Each unit requires four pounds of material which costs £6 per pound. The beginning inventory of raw materials is 12,000 pounds. The company wants to have 3,000 pounds of material in inventory at the end of the year.
-Refer to Figure 15-3. Sommers' budgeted sales would be
A) £2,160,000.
B) £2,320,000.
C) £2,480,000.
D) £2,000,000.
Correct Answer:
Verified
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