Answer:
DeWitt Industries
Materials Purchase Budget for the first quarter:
January February March
Ending inventory 1,648 1,038 824
Production
requirements 31,320 24,720 15,570
Beginning inventory 9,500 1,648 1,038
Purchases (pounds) 21,820 23,072 14,532
Explanation:
a) Data and Calculations:
Production Budget
Month Units
January 10,440
February 8,240
March 5,190
April 4,120
January February March April
Production Units 10,440 8,240 5,190 4,120
Production
requirements 31,320 24,720 15,570 12,360
Materials Purchase Budget
January February March April
Ending inventory 1,648 1,038 824
Production
requirements 31,320 24,720 15,570 12,360
Beginning inventory 9,500 1,648 1,038 824
Purchases (pounds) 21,820 23,072 14,532 11,536
