Using the production schedule develop the direct materials

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Reference no: EM13482203

A company produces doors. The following information was gathered to prepare budgets for the upcoming year beginning January1:

sales forecast inunits................................... 5,500 doors

finished goods inventory,Jan1....................... 620 doors

target finished goods inventory,Dec1............. 480 doors

raw materials inventory-steel, Jan1................ 40,000lbs

targetinventory-steel,Dec1.......................... 80,000lbs

raw materialsinventory-glass,Jan1.................. 6,000 squarefeet

targetinventory-glass,Dec1............................ 4,000square feet

budgeted purchase price-steel......................... $4 perlb

budgeted purchase price-glass.........................$2 persquare foot

The manufacture of each door requires 20 lbs of steel and 6square feet of glass

Using the production schedule, develop the direct materials purchase budgets for steel and glass.

Reference no: EM13482203

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