Examlex
Which of the following statements is false?
Budgeted Materials Purchases
The projected amount of materials to be bought for production as planned within a budget period.
April 1 Inventory
The inventory on hand at the beginning of the company's fiscal quarter or year, typically recorded on the first day of April.
Ending Raw Materials
The value of raw materials inventory available at the end of an accounting period.
Budgeted Materials Cost
The projected cost of materials outlined in a budget, which is estimated before the actual purchase or use in production.
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