PROJECT: RELIABLE FINANCIAL INFORMATION
Imagine that you have saved $1,000. You would like to do something with the money so that, in a few years, you have a
down payment for a new car. You're not sure if you should invest it or deposit it into a another type of account. In this
project, you will not need to decide where to invest the money. However, you will look at a variety of sources that give
advice about what to do with the money. You will also decide which sources are reliable and relevant.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)