An implied warranty of merchantability applies in which of the following transactions? In the past six months, Supplier has made late deliveries to many customers and a good portion of the goods delivered have been defective. Buyer is worried that an important scheduled delivery will be late or nonconforming. He sends a written request to Supplier asking for confirmation that the contract terms will be met. When Buyer purchases these goods from another seller after Supplier repudiates the contract, Buyer has exercised his right of

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.)