pls send the procedures too Information concerning sales and production for ABC Co. for November 2019 are summarized asfollows:A. Estimated Sales:Product X: 80,000 units at $60, per unitProduct Y: 40,000 units at $130 per unitB. Estimated inventories, November 1, 2019Material A: 8,000 IbsProduct X: 6,000 units at $34 per unit$204,000Material B: 7,000 IbsProduct Y: 5,400 units at $70 per unit378,000Total$582,000C. Desired inventories at November 30,2019Material A: 6,000 IbsProduct X: 5,000 units at $34 per unit$170,000Material B: 5,000 IbsProduct Y: 4,000 units at $70 per unit280,000Total$450,000D. Direct materials used in productionProduct XProduct YMaterial A1.4 Ibs per unit7.0 Ibs per unitMaterial B2.4 Ibs per unit3.6 Ibs per unitE. Unit costs for direct materialsMaterial A: $ 8.0 per IbMaterial B: $ 4.0 per IbF. Direct labor requirementsDepartment 1Department 2Product X0.8 hr per unit0.30 hr per unitProduct Y1.2 hr per unit0.50 hr per unitG. Direct Labor RateDepartment 1Department 2$24.00/hr$32.00/hrWhat to do:1. Prepare a sales budget for November2. Prepare a production budget for November3. Prepare a direct materials purchases budget for November4. Prepare a direct labor cost budget for NovemberGOOD LUCK!

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nformation concerning sales and production for ABC Co. for November 2019 are summarized as pllows: . Estimated Sales: roduct X: 80,000 units at $60, per unit roduct Y: 40,000 units at $130 per unit . Estimated inventories, November 1, 2019 Material A: 8,000 Ibs Product X: 6,000 units at $34 per unit $204,000 Material B: 7,000 Ibs Product Y: 5,400 units at $70 per unit 378,000 Total $582,000 . Desired inventories at November 30,2019 Material A: 6,000 Ibs Material B: 5,000 Ibs Product X: 5,000 units at $34 per unit $170,000 Product Y: 4,000 units at $70 per unit 280,000 Total $450,000

nformation concerning sales and production for ABC Co. for November 2019 are summarized as pllows: . Estimated Sales: roduct X: 80,000 units at $60, per unit roduct Y: 40,000 units at $130 per unit . Estimated inventories, November 1, 2019 Material A: 8,000 Ibs Product X: 6,000 units at $34 per unit $204,000 Material B: 7,000 Ibs Product Y: 5,400 units at $70 per unit 378,000 Total $582,000 . Desired inventories at November 30,2019 Material A: 6,000 Ibs Material B: 5,000 Ibs Product X: 5,000 units at $34 per unit $170,000 Product Y: 4,000 units at $70 per unit 280,000 Total $450,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 70BPSB

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