Define present value.a. The present value is the value today of a sum of money to be received in the future and in general is le
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Answer:
Check the explanation
Explanation:
RAW MATERIAL PURCHASE BUDGET
July Aug Sep Total
Budgeted
Production units 64,000 97,200 1,05,200 2,66,400 79,200
RM required per unit 4 4 4 4 4
Total
RM requirement 2,56,000 3,88,800 4,20,800 10,65,600 3,16,800
Add: Desired
Ending Inventory 1,55,520 1,68,320 1,26,720 1,26,720
Total needs 4,11,520 5,57,120 5,47,520 11,92,320
Less: Beginning
Inventory 96,000 1,55,520 1,68,320 96,000
Purchase Units 3,15,520 4,01,600 3,79,200 10,96,320
Kindly check the attached image below to see the well arranged accounting entry.
