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.)
Direct Materials Purchases Budget
For the Quarter Ending March 31, 2012
January February March
Total cost of direct materials purchases
This question was asked on Oct 28, 2011 and answered on Nov 01, 2011.
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