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23 July, 07:47

A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 86000 units on hand, the sales department budgeted sales of 370000 units in June, and the company desires to have 160000 units on hand on June 30. The budgeted cost of goods sold for June would be

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  1. 23 July, 08:07
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    The budgeted cost of goods sold for June would be $ 13,320,000

    Explanation:

    Budgeted cost per unit = $30

    Sales budget = 370,000 units

    Less: Beginning inventory = 86,000 units

    Add: Ending inventory = 160,000 units

    Therefore budgeted cost of goods sold for June = (370,000 - 86,000 + 160,000) * $30

    = 444,000 * $30

    = $13,320,000
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