The Following Facts Are Known The Total Pounds Needed for Production Are 2 Times the for Production
The following facts are known:
The total pounds needed for production are 2 times the units to be produced.
The desired ending direct materials inventory is 20% of the total pounds needed for production.
The beginning direct materials inventory is equal in number to 10% of the units to be produced.
Cost per pound is $10.
Total cost of the direct materials purchases is $1,610,000.
Instructions
Prepare a direct materials budget for the period.
Correct Answer:
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