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WebBusiness Accounting b. Prepare a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April. Required raw material units Cost of raw material purchases $ Units produced DLHS per unit Total ... WebRaw materials available for use during the month were $172,000 (12,000+160,000). At the end of the month, a physical count established that the cost of ending raw materials … WebIn this journal entry, raw materials are recorded as the cost in the inventory. Likewise, the balance of inventory will increase by $13,000. As the company ABC has used the raw … chinatown las vegas shops