company had only 12.700 yards of fabric on hand. The cost of the fabric is expected to be $26 per yard cost of the fabric to be purchased in January is:
O O O $2,757,300 $2,229,500 $2,627,950 $2,427,100
Cactus Cover Corporation produces a plant cover to help plants stay shaded and cool in the hot summer sun. Each plant cover requires 3.5 yards of a special patented fabric. During the first five months of the year, Cactus Cover Corporation budgets that they will produce the following covers: January February March April May 24,500 covers 23,200 covers 24,600 covers 25,800 covers 25,500 covers The corporation desires a monthly ending inventory of the fabric equal to 25% of the fabric needed for the following month's budgeted However, on January 1, the Cactus Cover Corporation produces a plant cover to help plants stay shaded and cool in the hot summer sun. Each plant co
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