Gaylor, Inc.has estimated production of buckets for the next 4 months as: Two pounds of plastic are
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Two pounds of plastic are required for each bucket. The cost of plastic is $5 per pound. On January 1, there are 14,000 pounds of plastic on hand, and 400 completed buckets. Gaylor wants to have 20% of the next month's material requirements on hand at the end of each month. Prepare a direct materials purchases budget forthe quarter in the space provided.
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