Identify each item as a component of one of the following budgets.
-Beginning inventory of materials

Name: Identify each item as a component of one of the following budgets. -Beginning inventory of materials
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The beginning inventory of materials is a component of the Direct Materials Purchases Budget. This budget outlines the materials that need to be purchased to meet production needs, and it starts with the materials already on hand (beginning inventory).

Identify Each Item as a Component of One of the Following