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Anticipated sales for Sure Grip Tire Company were 66000 passenger car tires an
Asking again as I am having some trouble on a test. When I get my tests back I
September 15, 2020Appling Enterprises issued 8% bonds with a face amount of $400000 on January 1
September 15, 2020Anticipated sales for Sure Grip Tire Company were 66000 passenger car tires and 20000 truck tires. Beginning and ending finished goods inventories for both
products were negligible and thus were omitted from the sales budget. Rubber and steel belts are used in producing passenger car and truck tires according to
the following table:
The purchase prices of rubber and steel are $3.00 and $3.90 per pound respectively. The desired ending inventories of rubber and steel belts are 62000 and
13000 pounds respectively. The estimated beginning inventories for rubber and steel belts are 73000 and 11000 pounds respectively.
Prepare a direct materials purchases budget for Sure Grip Tire Company for the year ended December 31 2012.
