Question: 2)ABC ABC Corp has following data for preparing the materials purchase budget Q1 Required Production in units 6,396.00 Q2 Required Production in units 5,576.00 Q3

2)ABC ABC Corp has following data for preparing the materials purchase budget
Q1 Required Production in units 6,396.00
Q2 Required Production in units 5,576.00
Q3 Required Production in units 5,084.00
Q4 Required Production in units 5,986.00
1st Quarter Beg raw materials inventory 2558.40 kg
1st Quarter Beg Accounts Payable $12,152.40
Each unit materials weight in kg 1.64
Each kg costs $3.28
Desired Inventory is 16.40% of next quarter purchase in kg
Desired ending inventory for 4th quarter 2574.80 kg
80% of Current quarter purchase will be paid in current quarter
20% of Current quarter purchase will be paid in next quarter
Please prepare the materials purchase budget.

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