The following facts are known:
•The total kilograms needed for production are 2 times the units to be produced.
•The desired ending direct materials inventory is 20% of the total kilograms needed for production.
•The beginning direct materials inventory is equal in number to 10% of the units to be produced.
•Cost per kilogram is $10.
•Total cost of the direct materials purchases is $1,610,000.
Instructions: Create the direct materials budget for the period

Question

The following facts are known:
  •The total kilograms needed for production are 2 times the units to be produced.
•The desired ending direct materials inventory is 20% of the total kilograms needed for production.
•The beginning direct materials inventory is equal in number to 10% of the units to be produced.
•Cost per kilogram is $10.
•Total cost of the direct materials purchases is $1,610,000.
Instructions: Create the direct materials budget for the period

Quizplus · Accepted Answer

The Answer of The following facts are known:
  •The total kilograms needed for production are 2 times the units to be produced.
•The desired ending direct materials inventory is 20% of the total kilograms needed for production.
•The beginning direct materials inventory is equal in number to 10% of the units to be produced.
•Cost per kilogram is $10.
•Total cost of the direct materials purchases is $1,610,000.
Instructions: Create the direct materials budget for the period

The Following Facts Are Known