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Dewitt Industries has adopted the following production budget for the first 4 months of 2012.

Dewitt Industries has adopted the following production budget for the first 4 months of 2012.

Month Units Month Units
January 10,700 March 4,900
February 7,700 April 3,900

Each unit requires 3 pounds of raw materials costing $4 per pound. On December 31, 2011, the ending raw materials inventory was 8,988 pounds. Management wants to have a raw materials inventory at the end of the month equal to 28% of next month's production requirements.

Complete a direct materials purchases budget by month for the first quarter. (Enter all amounts as positive amounts and subtract where necessary.)

DEWITT INDUSTRIES
Direct Materials Purchases Budget

For the Quarter Ending March 31, 2012
January February March



×


×


×

Add:






Less:








× $


× $


× $
Total cost of direct materials purchases

$


$
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Accounting_7590906.xls

Dewitt Industries has adopted the following production budget for the first 4 months of
2012.
Month Units Month Units
January 10,700 March 4,900
February 7,700 April 3,900
Each unit requires 3...

Sign up to view the full answer

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