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University Of Houston Operations And Supply Chain Management Assignment Help -


Question - Foundational 7-2
Morganton Company makes one product and it provided the following information to help prepare the
master budget for its four months of operations:

(a) The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and
September are 8,500, 16,000, 18,000, and 19,000 units, respectively. All sales are on credit.
(b) Forty-percent of credit sales are collected in the month of the sale and 60% in the following
month.
(c) The ending finished goods inventory equals 20% of the following month's unit sales.
(d)
The ending raw materials inventory equals 10% of the following month's raw materials production
needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials co ...Read More

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