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DeWitt Industries has adopted the following production budget for the first 4 months of 2017....

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Question

Accounting

DeWitt Industries has adopted the following production budget for the first 4 months of 2017.

Month

Units

Month

Units
January 10,430 March 5,130
February 8,210 April 4,470

Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 6,258 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next months production requirements. Prepare a direct materials purchases budget by month for the first quarter.

DEWITT INDUSTRIES Direct Materials Purchases Budget

image

DEWITT INDUSTRIES Direct Materials Purchases Budget February March

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