Each unit takes 4 pounds of material 256, which costs $3 per pound. Lexington, Inc. has 1,600 pounds of material on hand March 30th and wants an ending inventory of material 256 at 5 percent of the next month's production. Production in July is expected to be 12,000 units. How much material 256 needs to be purchased in May and at what cost?
Lexington, Inc. has developed the following production budget for one of its products for the second quarter of the year:

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The Answer of Each unit takes 4 pounds of material 256, which costs $3 per pound. Lexington, Inc. has 1,600 pounds of material on hand March 30th and wants an ending inventory of material 256 at 5 percent of the next month's production. Production in July is expected to be 12,000 units. How much material 256 needs to be purchased in May and at what cost?
Lexington, Inc. has developed the following production budget for one of its products for the second quarter of the year:

Each Unit Takes 4 Pounds of Material 256, Which Costs