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Question
Masterson Company's budgeted production calls for 56,000 liters in April and 52,000 liters in May of a key raw material that costs $1.85 per liter. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The January 1 inventory for this material is 16,800 liters. What is the budgeted cost of materials purchases for April?A. $106,560.
B. $101,380.
C. $103,600.
D. $72,520.
E. $132,460.
Answer
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