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April D 4,080 ounds of raw materials costing $6 per pound. On Dece

April D 4,080 ounds of raw materials costing $6 per pound. On Dece

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Waterway Industries has adopted the following production budget for the first 4 months of 2022. Month Units Month January 10,200 March February 8,160 April Units 5,100 4 4,080 Each unit requires 4 pounds of raw materials costing $6 per pound. On December 31, 2021, the ending raw materials inventory was 8.160 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. WATERWAY INDUSTRIES Direct Materials Purchases Budget
Transcribed Image Text:Waterway Industries has adopted the following production budget for the first 4 months of 2022. Month Units Month January 10,200 March February 8,160 April Units 5,100 4 4,080 Each unit requires 4 pounds of raw materials costing $6 per pound. On December 31, 2021, the ending raw materials inventory was 8.160 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. WATERWAY INDUSTRIES Direct Materials Purchases Budget
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