DM BUDGET (2pts): Mandip Inc. provides the following budgeted production for the next four months....
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DM BUDGET (2pts): Mandip Inc. provides the following budgeted production for the next four months. Each finished unit requires 5 grams of direct materials. The company wants to end each month with direc materials inventory equal to 25% of next month's production needs. Ending direct materials inventory as of November 30, 2022, was 13,750 grams. Direct materials cost $1.50 per gram. Prepare a direct materials budget for December 2022, January 2023, and February 2023. Use proper formatting, making sure to include the firm's name, the name of the budget, and the budget period
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