Answer Happy

Sheridan Ltd. estimates sales for the second quarter of
2022 will be as follows.
Month
Units
April
May
June
The target ending inventory of finished products is as
follows.
Two units of materials are required for each unit of finished
product. Production for July is estimated at 2,460 units
to start building inventory for the fall sales
period. Sheridan’s policy is to have an inventory of raw
materials at the end of each month equal to 50% of the
following month’s production requirements.

Raw materials are expected to cost $4 per unit throughout the
period.

Calculate the May raw materials purchases in dollars.
Raw material purchases cost
$enter the raw material purchases cost in dollars