ACC2110104-10515201740IFAWileyPLUS Casey × Accounting question! Chegg × Secure l

ID: 2575605 • Letter: A

Question

ACC2110104-10515201740IFAWileyPLUS Casey × Accounting question! Chegg × Secure l https://edugen.wileyplus.com/edugen/lti/main.uni Business Communic D Vll-Papers Teleco. GENERAL INFO: e.. C :: Apps Quiz 1 d How to Treat Cuban. Cultural Information. cuba business com.. Cuba-Communicati.. The World Factbook . Kimmel, Accounting, 6e Help System Announcements Home Read, Study & Practice Gradebook ORION Downloadable eTextbook Assignment>Open Assignment CALCULATORPRINTER VERSION BACK NEDCT ASSIGNMENT RESOURCESEach unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,240 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter Exercise 21-5 Exercise 21-6 (Part Direct Materials Budget ubm Exercise 21-6 Exercise 21-9 March ob Click if you would like to Show Work for this question: Open Show Work Version 4.24.2.4

Explanation / Answer

Direct Materials Purchase Budget

=20%of(8230*4)pounds

=6584 pounds

=20% of (5470*4) pounds

=4376 pounds

= 20% of (4210*4) pounds

= 3368 pounds

=10350units*4pounds

=41400 pounds

=8230units*4pounds

=32920 pounds

=5470units*4pounds

=21880 pounds

D. Required Purchases(in units)

=B+C-A

E. Required Purchases(in $)

= (D)*$2

Particulars January February March A.Opening Stock 9240 pounds 6584 pounds = 4376 pounds B.Closing Stock