Question: Please help, due tonight! Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month January February Units
Please help, due tonight!
Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month January February Units Month 10,350 March 8,230 April Units 5,470 4,210 Each unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,240 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. DEWITT INDUSTRIES Direct Materials Purchases Budget January February March
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