Pop Inc. is a manufacturer that makes one product Management wants the inventory of material...
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Accounting
Pop Inc. is a manufacturer that makes one product Management wants the inventory of material at the end of each month to equal 25% of the following month's production needs. They are planning to produce 30,000 units in September. The direct materials budget has been partially completed as follows: Pop Inc. Direct Material Purchases Budget For September and October, 2021 September October Budgeted production (units) 20.000 35,000 Material per unit 2 kg 2 kg Material required for production (kg) 40.000 70,000 Add desired ending inventory #2 #3 Total needs Less beginning inventory #5 #6 Required purchases Total 55,000 #1 110,000 #4 #7 #8 Required: Enter the correct amount for the missing numbers in the spaces below. (4 marks)
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