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Prepare a direct materials purchases budget

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Reference no: EM13512477

Dallas Industries has adopted the following production budget for the first 4 months of 2013.

Month

Units

Month

Units

January

10,000

March

5,000

February

8,000

April

4,000

Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2012, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month's production requirements.

Instructions

Prepare a direct materials purchases budget by month for the first quarter.

Reference no: EM13512477

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