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Perry, Inc. desires to maintain the ending inventory of raw materials at 40 percent of the next quarter's raw material needs. What is the cost of raw materials to be purchased in the first quarter

Respuesta :

The cost of raw materials in the first quarter is expected to be $320,000.

How do you figure out how much inventory you have?

According to the report, Perry, Inc. wants to keep its raw material ending inventory at 40% of the next quarter's raw material requirements.

The following calculation will be used to calculate the cost of raw materials to be acquired in the first quarter:

= 64000 × 5

= $320000

Learn more about inventory on:

brainly.com/question/24868116

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